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Mixed-Use Retail and Office Building
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508 Central Ave, Highland Park, IL 60035

Class A mixed-use building in downtown Highland Park near Metra.

Space Size757 SF
Property Size17,000 SF
Days on Market1870

Property Features for 508 Central Ave

General Information

Standard status Active
Size 757 SF
Class A
Property subtype Retail, Office, Restaurant
Lease Type Modified Gross

Building Details

Building Size 17,000 SF
Year Built 1997
Tenancy Multiple

Spaces For Lease

at 508 Central Ave Contact us

212

Size
757 SF
Type
Office, Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Imperial Realty Company
Listed By: Theron May · License #IL 471.019986
Source: Crexi
Added: Jul 23, 2021 Changed: Aug 21 Last Checked: Sep 1 at 1:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Imperial Realty Company

Investment Insights

Based on property information with market context.

The property at 500-508 Central Avenue is a Class A mixed-use building for retail and office use. It is located in downtown Highland Park, across from the Metra station, at the southeast corner of Central Avenue and St. Johns Avenue. The location provides access to restaurants, retail shopping, banks, public transportation, parking, and the post office. Downtown Highland Park is home to over 100 retailers including many award-winning dining establishments. Highland Park is recognized as one of the nation’s best towns to live in, one of the nation’s top beach towns, and one of the best cities to live and work in Illinois.

Key Highlights

  • Class A mixed‑use retail and office building.
  • Located in downtown Highland Park across from the Metra station.
  • Ideally situated at the corner of Central Avenue and St. Johns Avenue.**

Property Analytics

Current Use

The Ribbon Print Company Printing Service Studio BOKA Hair Salon Edward Phillip K Physician Pastoral Counseling Services Family Counselor Kaufman Edward P Foster Care Service

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Storage Facility Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,771
Businesses Nearby

Demographics for 60035, IL

30,152
Population
12,376
Households
2.4
Avg Household Size
47
Median Age
76%
College-Educated
97%
High-School Grad
12.7 sq mi
ZIP Area
2,374
Density / Sq Mi
$161,811
Median Household Income
$78,658
Median Earnings
$1,903
Median Rent
$594,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Class A mixed-use building in downtown Highland Park near Metra.
Where is this mixed-use property located?
The property is located at 508 Central Ave Highland Park, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Class A mixed‑use retail and office building.; Located in downtown Highland Park across from the Metra station.; Ideally situated at the corner of Central Avenue and St. Johns Avenue.**
(773) 736-6461 Call to check price and availability
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