1855 Deerfield RdHighland Park, IL 60035

Property Details for 1855 Deerfield Rd

Year built

1988

Construction

BRICK

Lot size

1.58 AC

Property size (Sq ft)

18,570 SF

Property type

Retail properties

Property subtype

Retail space

APN

16-27-301-037

APU

1627301037

Description

Garrity Square, located at 1855 Deerfield Rd in Highland Park, Illinois (zip code 60035), offers a prime retail opportunity. This single-story shopping center comprises 12,000 square feet and features ten suites. Currently, 1,100 square feet of vacant space is available for lease, ideal for a variety of businesses. The minimum leasable space is 1,100 square feet, with a maximum contiguous space of 1,100 square feet. The available space was previously occupied by a clothing store and offers a beautifully finished interior, ready for immediate occupancy starting January 1st, 2025. The center enjoys a strong traffic count on Deerfield Road, further enhanced by the presence of popular local businesses and a Starbucks. This location provides excellent visibility and accessibility for businesses seeking a thriving Highland Park presence. The property is situated at latitude 42.17116122 and longitude -87.8248299.

• CAP approach

  CAP return

  Valuation

  6%

  $4,928,960

  6.5%

  $4,549,809

  7%

  $4,224,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,750,920

  Geo Method

  $6,095,231

• Alternative Use

  Use

  Valuation

  Residential

  $3,837,934

  Hospitality

  $3,515,527

  Educational

  $2,924,877

  Medical

  $3,025,468

  Retail

  $4,549,809

Location Insight

City

Highland Park

County

Lake

State

Illinois

Latitude

42.1712

Longitude

-87.8252

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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