1788 2Nd StHighland Park, IL 60035

Property Details for 1788 2Nd St

Year built

1986

Construction

BRICK

Lot size

0.09 AC

Property size (Sq ft)

8,574 SF

Property type

Retail space

APN

16-23-315-004

APU

1623315004

Description

This attractive two-story, 14,000 square foot Class B office building, renovated in 2018, is located at 1788 2nd St, Highland Park, IL 60035. The property sits on 0.09 acres of land in Lake County and offers multiple tenancy options. Two office spaces are currently available, ranging from 385 to 560 square feet. The building features an elevator and HVAC, and is owner-managed. The building's prime second-floor office space provides stunning views of the vibrant downtown area. This mixed-use building also includes retail space. The location benefits from high daily traffic counts of approximately 28,000 cars. Highland Park is a highly desirable location, consistently ranked among the nation's best towns to live and work, boasting over 100 retailers and numerous award-winning restaurants. The building is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $2,275,762

  6.5%

  $2,100,704

  7%

  $1,950,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,193,559

  Geo Method

  $2,814,244

• Alternative Use

  Use

  Valuation

  Residential

  $1,772,022

  Hospitality

  $1,623,163

  Educational

  $1,350,452

  Medical

  $1,396,896

  Retail

  $2,100,704

Location Insight

City

Highland Park

County

Lake

State

Illinois

Latitude

42.1848

Longitude

-87.8009

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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