1850 2Nd StHighland Park, IL 60035

Property Details for 1850 2Nd St

Year built

1965

Construction

BRICK

Lot size

0.49 AC

Property size (Sq ft)

50,180 SF

Property type

Retail space

APN

16-23-308-037

APU

1623308037

Description

This exceptional 9,000-square-foot Class A executive office suite is available for lease in the prestigious Renaissance Place building at 1850 2nd St, Highland Park, IL 60035. Located on the second floor, this beautifully appointed space boasts multiple private offices, spacious conference rooms, and a unique amenity: a private gym and shower. Enjoy abundant natural light throughout. The suite features a dedicated storefront entrance and convenient private elevator access. On-site parking is available in a secure garage. The building itself, constructed in 1965, offers 50,180 total square feet. Its prime downtown Highland Park location provides unparalleled convenience. Situated just one block west of the Highland Park Metra Station, it offers easy access to public transportation. Route 41 is approximately two miles away. A vibrant array of dining and retail options are within steps, including Starbucks, Walker Brothers, Backyard BBQ, Potbelly, Michael's Hot Dogs, Once Upon a Deli, Lou Malnati's, Walgreens, Dunkin Donuts, Sushi Kushi, FedEx Office, and Lao Sze Chuan. This is a truly remarkable opportunity to secure a high-quality, well-appointed office space in a thriving downtown location. Lake County's business-friendly environment adds to the appeal of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $13,319,074

  6.5%

  $12,294,530

  7%

  $11,416,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,837,972

  Geo Method

  $16,470,581

• Alternative Use

  Use

  Valuation

  Residential

  $10,370,896

  Hospitality

  $9,499,685

  Educational

  $7,903,626

  Medical

  $8,175,444

  Retail

  $12,294,530

Location Insight

City

Highland Park

County

Lake

State

Illinois

Latitude

42.1864

Longitude

-87.8021

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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