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    5 Apex Dr Highland, IL 62249

    For Sale
    $129,900

    Prime Retail/Office Space, Build-to-Suit Available

    Property size:
    1,855 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Highland, IL commercial property, located at 5 & 20-25 Apex Dr, offers a unique investment opportunity. The property encompasses a versatile 1,855 square foot office space currently available for lease, situated on a sizable lot ranging from 0.35 to 0.49 acres. Built in 2021, this Class B building boasts a single story and is zoned C-3 Hwy Business, allowing for a wide range of commercial uses. The property is ideally situated at the intersection of Route 160 and Hwy 40 (Route 143), providing excellent visibility and accessibility, just south of St. Joseph's Hospital. The asking price is $129,900, and the lease type is NNN (Net, Net, Net), with multi-tenancy options. A significant advantage is the build-to-suit opportunity, allowing for the construction of new buildings ranging from 2,000 to 10,000 square feet. The landlord is willing to negotiate improvements, making this an attractive proposition for businesses seeking customized space. Building and monument signage are also available, enhancing visibility and brand recognition. The property's APN is 02-2-18-32-02-202-025. This is a rare chance to acquire a well-located, adaptable commercial property in a thriving area.

    Property Features for 5 Apex Dr

    General Information

    Property type
    Office space
    Square Feet
    1,855 SF
    Class
    B
    Lot Size
    15,246 SF

    Building Details

    Year Built
    2021
    Stories
    1

    HighLights

    • 1,855 SF office space available for lease in Highland, IL.
    • Located on a 0.35‑0.49 acre lot at the intersection of Route 160 and Hwy 40, near St. Joseph's Hospital.
    • Class B, single‑story building constructed in 2021, zoned C‑3 Hwy Business.
    • $129,900 asking price; NNN lease; multi‑tenancy options.
    • Build‑to‑suit opportunities available (2,000‑10,000 SF); landlord will negotiate improvements.
    • Building and monument signage available; APN 02‑2‑18‑32‑02‑202‑025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.6728761
    Latitude
    38.7513833

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    FAQs

    What type of property is this?
    Office space - Prime Retail/Office Space, Build-to-Suit Available
    Where is this office space located?
    The property is located at 5 Apex Dr 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: 1,855 SF office space available for lease in Highland, IL.; Located on a 0.35-0.49 acre lot at the intersection of Route 160 and Hwy 40, near St. Joseph's Hospital.; Class B, single-story building constructed in 2021, zoned C-3 Hwy Business.
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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
    5 Apex Dr Highland, IL 62249
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