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    1725 Mcgovern St Highland Park, IL 60035

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Downtown Highland Park Office Space

    Lot size:
    18,366 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story, 18,366 square foot Class B office building, located at 1725 McGovern St in Highland Park, IL 60035, offers multiple tenancy options. Two suites are currently available, ranging from 4,220 to 4,306 square feet. Built in 2005, the building boasts a modern design featuring masonry and a glass curtain wall, creating a highly professional image. The property includes extensive landscaping and ample parking. Situated in the heart of downtown Highland Park, this location benefits from its proximity to over 100 retailers, numerous award-winning restaurants (including Real Urban Barbecue, Jimmy John's, Rose's Café & Bakery, and many more), and a vibrant community. Highland Park consistently ranks as one of Illinois' best cities to live and work in, with a higher-than-average employment rate. The building is anchored by American Enterprise Bank, further solidifying its prestige. This property presents a unique opportunity to establish a presence in a thriving, desirable location. The 0.69-acre site offers a blend of executive, traditional, and creative office spaces, catering to diverse business needs. This is a rare opportunity to lease space in a well-maintained, highly visible building within a top-rated community.

    Property Features for 1725 Mcgovern St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,366 SF
    Class
    B
    Total Rate
    38262.5

    Unit(s) available at that property

    Space
    First Floor
    Size
    4,220 SF
    Rate per SF
    $25
    Space
    Third Floor
    Size
    4,306 SF
    Rate per SF
    $25

    HighLights

    • 18,366 SF Class B office building in Highland Park, IL.
    • Two suites available, 4,220 - 4,306 SF each.
    • Modern design, masonry & glass curtain wall, built in 2005.
    • Ample parking and extensive landscaping.
    • Downtown Highland Park location near numerous restaurants and retailers.
    • Anchored by American Enterprise Bank.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.802729
    Latitude
    42.1837828

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    FAQs

    What type of property is this?
    Office space - Prime Downtown Highland Park Office Space
    Where is this office space located?
    The property is located at 1725 Mcgovern St Highland Park, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 18,366 SF Class B office building in Highland Park, IL.; Two suites available, 4,220 - 4,306 SF each.; Modern design, masonry & glass curtain wall, built in 2005.
    Request Owner's contact information
    1725 Mcgovern St Highland Park, IL 60035
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    Highland Park, IL 60035
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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
    1725 Mcgovern St Highland Park, IL 60035
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