901 Ridge Road

Wilmette, IL 60091

$985,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Very rare offering! Right on the corner of Lake and Ridge, this great 2 story, 7 Unit commercial mixed use building is for sale at 901 Ridge Rd in Wilmette. The building is beautiful and strong, with high ceilings, and features a Classic facade. Building is 5600 SQ FT, Land Site is approx 6600 SQ FT, NR Zoning. Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Wilmette. Not to mention Great visibility and very high traffic at...Very rare offering! Right on the corner of Lake and Ridge, this great 2 story, 7 Unit commercial mixed use building is for sale at 901 Ridge Rd in Wilmette. The building is beautiful and strong, with high ceilings, and features a Classic facade. Building is 5600 SQ FT, Land Site is approx 6600 SQ FT, NR Zoning. Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Wilmette. Not to mention Great visibility and very high traffic at this location - 17,500 Vehicles Per Day on Lake; 6700 Vehicles Per Day on Ridge. On the first floor, there are two retail storefronts. Unit 1 is a vacant medical clinic currently used by the owner, with over 1600 Sq ft, 6 rooms, and a large reception area. This space could be used for any Retail or Professional use. In Unit 2, there is a well-known Hair Salon/ Barber Shop, a long time tenant. On the second floor, there is a 2 Bed, 1 Bath apartment, & two fully rented offices. In the Attic, there is a 3 Bed, 1 bath apartment with an extra den for storage or office space. The current rental income is $5010, excluding the vacant clinic on the first floor. Five electric meters, Rear parking lot with 8 spaces, Recent New roof replacement, has Basement for additional storage. Public transportation options include the Wilmette Metra train, and Pace Bus Stops along Lake Avenue. Edens expressway is just to the west. Property includes 903, but NOT 905 Ridge. Ownership will listen to all offers within reason. Please call agent for a showing.
  1. Listed by Harmony Zhang • @properties Christie's International Real Estate
  2. Listed by Michael Levin • @properties Commercial

Property Details for 901 Ridge Road

Area
Wilmette
Zoning
COMMR
LISTING UPDATED: 11/13/2024 11:34 AM

Property Details for 901 Ridge Road

StatusActive
MLS #12088511
Days on Market177
Taxes$14,389 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1907
Lot Size0.15 AC / 6,600 SF
CountyCook County

Building Information for 901 Ridge Road

Stories2Residences7Year Built1907Lot Size0.15 AC / 6,600 SF

Property Information for 901 Ridge Road

General Information
Location and General Information
  • Geographic Locale: North Suburban
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls,Hot Water
  • # Of Dryers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 44X140
  • Lot Size Square Feet: 6600.0
  • Stories: 2
  • Exterior Building Type: Brick, Stone
  • Construction: Brick, Concrete, Stone
  • Roof Type: Composition
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Pitched
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Building Area Total: 5600
  • # Of Offices: 3
  • Office SqFt: 2000
  • Other SqFt: 1000
  • Retail SqFt: 2600
  • # Of Ranges: 1
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-07-11T18:38:12
  • Photos Count: 31
Miscellaneous
  • Current Use: Commercial, Other
  • Location: Central Business District,Corner,Mixed Use Area,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $2,775.00
  • Fuel Expense: $3,127.00
  • Gross Income: $60,120.00
  • Gross Scheduled Income: $60,120.00
  • Insurance Expense: $2,168.00
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Total Monthly Income: 5010
  • Operating Expense: $9,365.00
  • Other Expense: $.00
  • Trash Expense: $396.00
  • Water Sewer Expense: $999.00

Property History for 901 Ridge Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 901 Ridge Road

Taxable ValueLand$21,120Additions$45,880Total$67,000
Tax Record2022$14,390 ($1,199 / month)
Home Facts
Baths2Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories2Lot Size6,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1889CountyCOOKAPN05-28-317-015

Schools near 901 Ridge Road

This home is within New Trier Twp Hsd 203 School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9
Rating
School
Distance
Harper Elementary School
PublicK to 4

Highcrest Middle School
Public5 to 6

Wilmette Junior High School
Public7 to 8

New Trier Township H S Northfield
Public9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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901 Ridge Road is a mixed use property for sale in Wilmette, IL 60091. This property was listed for sale on July 8, 2024 by @properties Christie's International Real Estate, it's currently listed at $985,000. It has been on the market for a total of 177 days and was last sold on September 4, 2013. This listing's school districts are New Trier Twp Hsd 203 School District, Wilmette School District 39. Nearby schools include Harper Elementary School, Highcrest Middle School and Wilmette Junior High School. 901 Ridge Road is a 0-bed, 0-bath, mixed use property built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate; @properties Commercial

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/13/2024 11:34 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.