Property profile

508 Central Ave Highland Park, IL 60035

OFF-MARKET
Retail properties & Spaces
17,000 SF 0.52 ac lot Built 1997
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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

Current use

Occupant on record · Public records
  • Printing Service (Bike/Boat/Book/etc) Store
  • Hair Salon Nail Salon
  • Physician
  • Family Counselor
  • Foster Care Service Social Service Agency

Location

508 Central Ave Highland Park, IL 60035
Highland Park metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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