Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1110 Washington St Highland, IL 62249

    View on Map
    Sponsored
    For Sale
    $129,900

    Business - Highland, IL

    Type:Business
    Lot size:
    0.03 Acres
    Days on Market:
    57
    Last Refresh:
    Mar 14 at 6:06 pm

    Property Features for 1110 Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    01-2-24-05-07-201-025
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Ductless

    Building Details

    Year built
    1950
    Flooring type
    Vinyl
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Kim Johnson

    Equity Fifty Five Realty LLC (618) 526-0021

    Listing agent Kim Johnson (618) 526-0021 License #475130541

    Listing date Jan 16, 2026

    MLS# 26002401 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Retail Space Near Square

    This renovated retail space is located steps from the vibrant square in Highland, Illinois. The property features updates including electrical work, an efficient mini-split heat and cool system, new insulation, fresh paint, new flooring, trim, and updated lighting. The current layout includes retail space, a private office area with a half bath, a double sink, and a basement. This property offers an excellent opportunity to expand your business in a convenient location within a vibrant community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.679163
    Latitude
    38.738917

    Nearby Similar for Sale

    • New
      $275,000
      3,080 SF

      Prime Retail Building in Highland, IL

      Well-located retail building with full basement and dedicated parking.
      1018 Laurel St, Highland, IL 62249
      View Details
    • $563,000
      6,519 SF

      Highland, IL Multifamily Investment Opportunity

      Five-unit apartment building in Highland, Illinois, with covered parking.
      213 Broadway, Highland, IL 62249
      View Details
    • New
      $269,500
      4,180 SF

      Historic Mixed-Use Landmark in Highland

      Versatile property with commercial infrastructure and residential potential in downtown Highland.
      802 9Th St, Highland, IL 62249
      View Details
    • $225,000
      0.17 Acres

      Historic Highland Home/Office Building

      Charming early 1900's home with office potential in Highland, IL.
      902 Walnut St, Highland, IL 62249
      View Details
    • $269,500

      Historic Landmark Mixed-Use Property

      Architecturally unique property with commercial infrastructure in Highland's Downtown Business District.
      802 9Th St, Highland, IL 62249
      View Details
    • $295,000

      High Visibility Retail/Office Opportunity

      Retail/office building with high traffic and dedicated parking.
      12571 2Nd St, Highland, IL 62249
      View Details
    • $57,000
      0.33 Acres

      Land For Sale, Highland, IL

      Land available in Highland, Illinois.
      55 Jasons Pointe, Highland, IL 62249
      View Details
    • Contact for pricing
      5,375 SF

      Versatile Medical/Athletic Facility For Sale

      5,375 SF building suitable for medical, athletic, or office use.
      1117 Washington St, Highland, IL 62249
      View Details
    • $719,000
      2,300 SF

      Highland IL Office/Warehouse - $719,000

      Versatile 2,300 SF Office & Warehouse
      305 Forest Dr, Highland, IL 62249
      View Details
    • $495,000
      21,000 SF

      Highland IL Office/Warehouse Investment

      21,000 SF, Updated Office & Warehouse
      1405 Walnut St, Highland, IL 62249
      View Details
    • $750,000
      0.16 Acres

      Highland Commercial Portfolio: Prime Location

      15 Properties, High Traffic Area, Great Investment
      1001 Main St, Highland, IL 62249
      View Details
    • $129,900
      10,000 SF

      New Office Space Available

      Newly constructed office space near St. Joseph's Hospital.
      5-25 Apex Dr, Highland, IL 62249
      View Details

    FAQs

    What type of property is this?
    Retail space - Updated retail space near Highland's vibrant square, great business opportunity.
    Where is this retail space located?
    The property is located at 1110 Washington St Highland, IL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - Steps from vibrant Highland Square: **Prime location** for high foot traffic and visibility.; - Recently renovated with **updated electrical, new flooring, trim, and lighting.**; - Efficient mini-split heat/cool system and new insulation for energy savings.
    (618) 526-0021
    Request Owner's contact information
    1110 Washington St Highland, IL 62249
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1110 Washington St
    Highland, IL 62249
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1110 Washington St Highland, IL 62249
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kim Johnson
    Real Estate License ID: 475130541
    (618) 526-0021 (618) 334-8346
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!