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Listing provided courtesy of Sebastian Co. Real EstateMREDas Distributed by MLSGrid- MLS# 12264371MLS Provider

630-642 Busse HighwayPark Ridge, IL 60068

Commercial · 12,000 Sq. ft.
$1,675,000 Active

630-642 Busse Highway Overview

Time on Site:
542 days
Visits:
12

Fully occupied seven unit armchair investment property in desirable location with high traffic counts and flexible zoning. 12,000 square feet, all masonry building with 35 off-street parking spaces. Established, long term tenants. Contact broker for income/expense information and survey. Potential for commercial condo conversion. 1031 buyers welcome. Property taxes expected to be reduced to roughly 50% of current amount.

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630-642 Busse Highway Facts & Features

  • Type Commercial
  • Sq. ft. 12,000
  • Price/Sq.ft. $140

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Modified Gross
  • Gross Income: 156900
  • Net Operating Income: 40000

Building Information

  • Year Built: 1955

Business Information

  • Business Type: Retail

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Park Ridge
  • Township: Maine

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer

Tax Information

  • Tax Annual Amount: $107,679.00
  • Tax Year: 2022

General Information

  • Parcel Number: 09272250240000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 12000

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 1000

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 80 X 170 X 180 X 136
  • Lot Size Square Feet: 24798

Building Exterior/Construction

  • Construction Materials: Brick, Block

General Information

  • Number Of Units Total: 7

630-642 Busse Highway Neighborhood

Community

60068 (PARK RIDGE) Demographics

45
Median Age
5,251
Population Density (per sq. mile)
68%
College Educated
$113,909
Estimated Median Income
11,894
Estimated Total Home Owners
2,478
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

630-642 Busse Highway Monthly Cost

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$
Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

630-642 Busse Highway Market Data

Based on the last 30 days in this zip code

$727,278
Average List Price
$327
Average Price per Square Foot
35
Properties Sold
34
Average Days on Market
108
Properties for Sale
Calculations provided by Reliance Network

630-642 Busse Highway History

Date Event Value Agent
1/17/2026Source: MRED Status Change
Active
1/12/2026Source: MRED Status Change
Re-activated
5/19/2025Source: MRED Status Change
Active
5/14/2025Source: MRED Price Reduction
$1,675,000 -5.7%
5/14/2025Source: MRED Status Change
Price Change
1/8/2025Source: MRED Status Change
Active
1/3/2025Source: MRED Added to Database
January 03, 2025