2126 1St StHighland Park, IL 60035

  • Theaters & concert halls
  • 12,904 SF
For Sale
$2,300,000 View listing

Property Details for 2126 1St St

Year built
1929
Construction
BRICK
Lot size
0.14 AC
Property size (Sq ft)
12,904 SF
Property type
Theaters & concert halls
APN
16-23-114-002
APU
1623114002

Description

This exceptional 12,904-square-foot mixed-use building in Highland Park, IL, presents a rare investment opportunity. Built in 1929, this two-story, masonry structure boasts a classic facade and prime visibility near the intersection of First Street and Green Bay Road, with 14,500 vehicles passing daily. The property features a 2,355-square-foot indoor parking garage with eight spaces and a convenient curb cut onto Green Bay Road. Inside, you'll find a well-maintained space currently configured as a dance school, including three offices, three large rehearsal rooms, four ADA-compliant bathrooms, and a spacious 2,312-square-foot show/production hall on the second floor with 25-foot ceilings. Additional features include a 12x12 drive-in door, 18-foot ceilings (in parts), a full fire alarm and sprinkler system, 200-amp electric service, and high-security entrance doors and cameras. The 6,194-square-foot lot is zoned B4-5, offering flexibility for various commercial uses, including office, retail, or school. Its convenient location near the Metra train station, bus routes, and major highways (Routes 41 and 94) adds to its appeal. The building's unique features, ample space, and desirable location make it an ideal owner-user or investment property. The asking price is $2,300,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,666,920
    Hospitality
    $2,442,884
    Educational
    $2,032,451
    Medical
    $2,102,350
    Retail
    $3,161,590
2126 1St St, Highland Park, Illinois

Location Insight

City
Highland Park
County
Lake
State
Illinois
Latitude
42.191
Longitude
-87.8032
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,552
$150,944
$166,298
$317,242
-
$452,877
$498,944
$951,821

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