Fitness Formula makes a huge investment in downtown Park Ridge (house unit sales up 23%)

Fitness Formula Clubs is building a large new gym steps from downtown Park Ridge at 826 West Touhy Avenue. Photo Eric Rojas and Bob DePalma, Brokers, Kale Realty

REJournals has the scoop on the major 67,000 square foot construction near downtown Park Ridge.  Fitness Formula Clubs new location will compliment the quaint "Main Street" feel of small businesses Park Ridge citizens love with a large modern athletic facility along busy central roads.

We just helped our clients purchase a home in Park Ridge.  They are excited to see more major investment meeting demand in a thriving Chicago suburb. 

Park Ridge single family home unit sales are up about 23% while median price dipped year to year.  156 single family homes have closed in Park Ridge this year from January 1st to Mat 24th. The median price is $400,000.  128 single family homes closed last year over the same period with a median price of about $421,000.

The slight dip in median price may be attributed to the lower end of the Park Ridge house market moving well this year.  More Boomers are selling homes in dated condition and those houses are renovated by the new owners.