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    114 Executive Dr Highland, IL 62249

    Sponsored
    For Lease
    $10 SF/Yr ($14,683 /Mo)

    Prime Highland Office Space - 907 SF Available

    Lot size:
    16,091 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-tenant executive office building, located at 114 Executive Drive in Highland, Illinois, presents a unique investment opportunity. The property boasts a total of 16,091 square feet, with 907 square feet currently vacant and ready for immediate occupancy. Built in 1990, this Class B building is a single-story structure offering ample parking with 94 spaces available. The property is zoned I and features a convenient Highland location, with the address being 114 Executive Dr, Highland, IL 62249. The property's convenient location and ample parking make it an ideal space for a variety of businesses. The building's single-tenant occupancy provides a streamlined management experience. The property's size and layout offer flexibility for customization to meet specific business needs. The property's location in Madison County, Illinois, offers access to a strong local economy and a skilled workforce. The property's single-story design provides easy accessibility for all tenants and visitors. The ample parking ensures convenient parking for employees and clients. The property's zoning designation allows for a variety of commercial uses. The property's assessed parcel number (APN) is 02-2-18-32-00-000-032. This is a fantastic opportunity to acquire a well-maintained office building in a desirable location. The available space is ready for immediate occupancy, making it an attractive option for businesses seeking a quick move-in. Serious inquiries are encouraged.

    Property Features for 114 Executive Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,091 SF
    Class
    B
    Total Rate
    14683.04

    Building Details

    Year Built
    1990
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    907 SF
    Rate per SF
    $10

    HighLights

    • 16,091 SF single‑tenant Class B office building in Highland, IL.
    • 907 SF of vacant space available for immediate occupancy.
    • 94 parking spaces.
    • Zoned I.
    • Tenant improvements (TI) are negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Gym & Fitness Electrical Service Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.686272
    Latitude
    38.7459823

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Highland Office Space - 907 SF Available
    Where is this office property / space located?
    The property is located at 114 Executive Dr Highland, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 16,091 SF single-tenant Class B office building in Highland, IL.; 907 SF of vacant space available for immediate occupancy.; 94 parking spaces.
    Request Owner's contact information
    114 Executive Dr 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
    114 Executive Dr Highland, IL 62249
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