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    1515 Broadway Highland, IL 62249

    For Lease
    $14 SF/Yr ($1,143 /Mo)

    980 SF office/retail space in downtown Highland, Illinois.

    Property size:
    980 SF
    Lot size:
    0.13 Acres

    Property Features for 1515 Broadway

    General Information

    Size
    980 SF
    Lot size
    0.13 Acres

    Source: BARBERMurphy Agent Carter Marteeny

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Highland Office/Retail Space

    This 980 square foot office/retail space is located in downtown Highland, Illinois. Situated right off of busy Broadway Street, the property offers great visibility. The space is scheduled to be newly renovated in 2025. The landlord has the ability to provide new signage on the building for the tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.67231
    Latitude
    38.7398

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    FAQs

    What type of property is this?
    Office space - 980 SF office/retail space in downtown Highland, Illinois.
    Where is this office space located?
    The property is located at 1515 Broadway Highland, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Great visibility due to location off busy Broadway St.; - Newly renovated in 2025; - Located in Downtown Highland
    (618) 304-3917
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    1515 Broadway Highland, IL 62249
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    Highland, IL 62249
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    Realmo Value Estimation

    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.

    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.

    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
    1515 Broadway Highland, IL 62249
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