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    OFF-MARKET
    Retail properties & Spaces

    508 Central Ave, Highland Park, IL 60035

    17,000 SF 0.52 ac lot Built 1997
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A mixed-use building, located at 508 Central Avenue in downtown Highland Park, Illinois (zip code 60035), offers a prime opportunity for businesses seeking a vibrant and convenient location. The 17,000 square foot building, constructed in 1997 and extensively renovated in 2022, features a blend of retail, office, and restaurant spaces. Currently, three office suites are available, ranging from 400 to 1,110 square feet, perfect for a variety of businesses. Situated on a 0.52-acre lot at the southeast corner of Central and St. Johns Avenues, the two-story building enjoys high visibility and accessibility. Its prime downtown location provides easy access to the Metra station, numerous restaurants, retail shops, banks, public transportation, ample parking, and the post office. Highland Park consistently receives high rankings as a desirable place to live and work, boasting a thriving downtown area with over 100 retailers, including many acclaimed restaurants. The building is a single structure with no elevators. This is an unparalleled opportunity to establish your business in a thriving and highly sought-after community.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1997
    Total area 17,000 SF
    Lot 0.52 ac (22,651 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Ribbon Print Company Printing Service (Bike/Boat/Book/etc) Store
    • Studio BOKA Hair Salon Nail Salon
    • Edward Phillip K Physician
    • Pastoral Counseling Services Family Counselor
    • Kaufman Edward P Foster Care Service Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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