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    Property profile & analytics

    1788 2Nd St Highland Park, IL 60035

    • Retail space
    • 8,574 SF
    • 0.09 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    $440,000
    Location Intelligence
    Property ID
    US28-2000929
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ooh'lah Lash / Beauty Salon
    • Performance Media Partners / Advertising Agency
    • Veracity Med Spa / Medical Spa
    • Glassman Jason / Social Worker

    Property Details for 1788 2Nd St

    Year built
    1986
    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property size
    8,574 SF
    Property type
    Retail space
    APN
    16-23-315-004
    APU
    1623315004

    Description

    This attractive two-story, 14,000 square foot Class B office building, renovated in 2018, is located at 1788 2nd St, Highland Park, IL 60035. The property sits on 0.09 acres of land in Lake County and offers multiple tenancy options. Two office spaces are currently available, ranging from 385 to 560 square feet. The building features an elevator and HVAC, and is owner-managed. The building's prime second-floor office space provides stunning views of the vibrant downtown area. This mixed-use building also includes retail space. The location benefits from high daily traffic counts of approximately 28,000 cars. Highland Park is a highly desirable location, consistently ranked among the nation's best towns to live and work, boasting over 100 retailers and numerous award-winning restaurants. The building is zoned for commercial use.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $440,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $390,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $490,000
      Mixed-Use
      $365,000
      Hospitality
      $415,000
      Educational
      $415,000
      Residential Income
      $455,000
      Energy
      $460,000
      Income-Based Land
      $455,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.8009
    Latitude
    42.1848
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,863
    $82,465
    $243,769
    $326,234
    -
    $247,420
    $731,380
    $978,800

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

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      View Details
    • Value Estimation by Request
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      1907 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 2,442 SF
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    • Value Estimation by Request
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      2250 Grn Bay Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,172 SF
      2250 Grn Bay Rd, Highland Park, IL 60035-2070
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    • Value Estimation
      $450,000
      4,112 SF

      565 Roger Williams Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,112 SF
      565 Roger Williams Ave, Highland Park, IL 60035-4815
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    • Value Estimation by Request
      2,524 SF

      332 Skokie Vly Rd, Unit 201

      RETAIL STORES (PERSONAL SERVICES) • 2,524 SF
      332 Skokie Vly Rd, Highland Park, IL 60035-4415
      View Details
    • Value Estimation
      $400,000
      2,446 SF

      332 Skokie Vly Rd, Unit 202

      RETAIL STORES (PERSONAL SERVICES) • 2,446 SF
      332 Skokie Vly Rd, Highland Park, IL 60035-4415
      View Details

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    1788 2Nd St
    Highland Park, IL 60035
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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
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