Park Ridge Point — Lease in Park Ridge, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Park Ridge, IL 60068
Photos
Description
3,600 SF Former Restaurant Opportunity + 3,600 SF Former Restaurant on End Cap with Large Dedicated Patio + Highly Trafficked Intersection: 38,900 VPD + Located in the Heart of Downtown Park Ridge + Neighboring businesses: Trader Joe’s, Hand and Stone Massage, Lens Crafters, Pure Barre, Orangetheory, Bluefish Sushi, Rita’s Italian Ice & Frozen Custard
Market Context
This retail in Park Ridge, IL is listed for lease. Compare it against other retail listings for lease in Park Ridge, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Contact
- Sean McCourt · 312 297 7688 · sean.mccourt@cbre.com
- Jacob Dell · 630 573 7088 · jacob.dell@cbre.com
- Alex Corno · 312 935 1050 · alex.corno@cbre.com
Explore this market
Similar Retail Business for Lease in Park Ridge, IL
- Park Ridge Plaza — Contact for price · Park Ridge, IL