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    490 Central Ave Highland Park, IL 60035

    For Lease
    $24 SF/Yr ($12,900 /Mo)

    Prime Retail Space, 6,450 SF Total

    Lot size:
    6,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 490-492 Central Avenue in Highland Park, Illinois, presents a fantastic opportunity for businesses seeking a prominent location in a thriving community. The property boasts a total of 6,450 square feet of retail space, currently configured as multiple tenancies. One space, measuring 3,071 square feet, is immediately available, offering ample room for a variety of retail uses. The building is situated in Lake County, within the highly desirable 60035 zip code, providing excellent access to a strong customer base. Its central location ensures high visibility and convenient access for customers. The property's size and layout offer flexibility for businesses needing a substantial footprint or the potential to subdivide for multiple tenants. This is an ideal location for businesses seeking a well-established presence in a vibrant and affluent area. The property's address is 490-492 Central Avenue, Highland Park, IL 60035. Serious inquiries are encouraged to explore the possibilities this prime retail space offers. The property is classified as retail, offering a versatile space adaptable to various retail concepts. The building's total square footage provides significant space for operations and potential expansion. This is a rare opportunity to secure a substantial retail presence in a highly sought-after location.

    Property Features for 490 Central Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,450 SF
    Total Rate
    12900

    Unit(s) available at that property

    Space
    492
    Size
    3,071 SF
    Rate per SF
    $24

    HighLights

    • 6,450 SF retail space available in Highland Park, IL.
    • 3,071 SF immediately available for lease.
    • Located at 490‑492 Central Avenue, Highland Park, IL 60035 (zip code 60035).
    • Multiple tenancy configuration, adaptable to various retail uses.
    • High visibility location in a thriving, affluent community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paper Source Stationery Store

    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 Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.7978266
    Latitude
    42.1859158

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 6,450 SF Total
    Where is this retail property located?
    The property is located at 490 Central Ave Highland Park, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 6,450 SF retail space available in Highland Park, IL.; 3,071 SF immediately available for lease.; Located at 490-492 Central Avenue, Highland Park, IL 60035 (zip code 60035).
    Request Owner's contact information
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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
    490 Central Ave Highland Park, IL 60035
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