Listed by Millennium Properties R/E
$3,250,000
Updated Commercial Building in Downtown Highland Park
Details
APN 16234070030000
Property Type Retail
Sub Type Storefront, Neighborhood Storefront
Square Footage 8,750
Tenancy Multi
Price per SqFt $371
Year Built 1930
Year Renovated 2007
Stories 2
Lot Size (SqFt) 9,139
Zoning B-5
Parking Spaces 9 spaces
Parking Per SqFt 1.03
Retail | 8,750 SqFt
Marketing description
This two-story, plus basement commercial building located in downtown Highland Park is available for sale. Completely rehabbed in 2007, this 8,750 square foot property is situated near the corner of Sheridan Road and Central Street. This offering is the perfect opportunity for a user or investor to own a highly visible property on one of the main commercial thoroughfares. Located in the heart of Highland Park's Central Business District, this property benefits from easy access to public transportation, the Metra train station and the Edens Expressway. Highland Park is an affluent suburb located approximately 23 miles north of Chicago in the heart of the North Shore. The suburb is known for its vibrant downtown business district, numerous local boutiques, restaurants, a growing residential community with close to new or recently constructed units and is home to the Ravinia Festival.
Investment highlights
Two-story building, with an elevator
First floor retail with commercial above plus an 1,800 SF basement
The front portion of the first floor is a showroom and the back section is comprised of offices, a kitchen, a full bathroom and high-end appoints
Second floor is partially built-out for office
Improvements include, security system,
HVAC, windows, electrical, plumbing, roof, facade and sprinkler system
Heated, two-car garage plus storage
Parking for nine cars
Retailers in the area: Starbucks, Walgreens,
Orangetheory Fitness, Pottery Barn, Mc-
Donald’s, Potbelly, Sunset Foods and more
Lot size: 9,139 SF
Zoning: B-5, part of overlay district.
Taxes (2023): $37,145.28
Listing Contacts
Listed by Millennium Properties R/E
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?















