36 Skokie Valley RdHighland Park, IL 60035

Property Details for 36 Skokie Valley Rd

Year built

1997

Construction

BRICK

Lot size

0.31 AC

Property size (Sq ft)

4,212 SF

Property type

Retail properties

Property subtype

Retail space

APN

16-35-305-019

APU

1635305019

Description

This exceptional Class A retail property, located at 36-40 Skokie Valley Road in Highland Park, Illinois (60035), offers 4,000 square feet of versatile space in a single, one-story building. Built in 1998 and extensively renovated in 2022, the property sits on a one-acre lot and is zoned for retail use. The building features multiple tenancy options, with spaces ranging from approximately 1,500 to 2,500 square feet, ideal for a variety of retail or restaurant uses. Its prime location near the intersection of Skokie Valley Road and Lake Cook Road provides excellent visibility and accessibility, with convenient access to I-94 (Edens Expressway) and Highway 41, serving the thriving North Shore communities. The property benefits from lower Lake County property taxes compared to neighboring areas south of Lake Cook Road. The property's APN is 16-35-305-019. Highland Park boasts a strong economy, with a higher employment rate than the national average, and has been ranked highly for quality of life. This is a rare opportunity to secure a well-maintained, highly visible retail space in a desirable location. Property taxes are $5.13 per square foot. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $1,863,786

  6.5%

  $1,720,418

  7%

  $1,597,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,382,505

  Geo Method

  $1,382,505

• Alternative Use

  Use

  Valuation

  Residential

  $1,451,237

  Hospitality

  $1,329,325

  Educational

  $1,105,983

  Medical

  $1,144,019

  Retail

  $1,720,418

Location Insight

City

Highland Park

County

Lake

State

Illinois

Latitude

42.1533

Longitude

-87.8028

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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