430 Park AveHighland Park, IL 60035

Property Details for 430 Park Ave

Year built

1926

Construction

BRICK

Lot size

0.23 AC

Property size (Sq ft)

35,304 SF

Property type

Retail properties

Property subtype

Retail space

APN

16-23-407-076

APU

1623407076

Description

This exceptional executive office building, located at 430 Park Avenue in Highland Park, Illinois, presents a unique opportunity for businesses seeking prestigious space in a vibrant downtown location. The 26,800 square foot Class B building, constructed in 1920 and extensively renovated in 2012, offers multiple tenancy options with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 4,155 square feet. Currently, 6,396 square feet are vacant and ready for immediate occupancy. The building's convenient location in Chicago's North Shore submarket provides easy access to the Metra commuter rail, an array of shops and restaurants, and a short stroll to the shores of Lake Michigan. The suites boast a blend of high-quality, second-generation office spaces, featuring a mix of private offices and open floor plans to accommodate diverse business needs. For qualified long-term tenants, the ownership is prepared to offer build-out services, tailoring the space to specific requirements. The property is zoned B-5 and situated in Lake County, Illinois, with a zip code of 60035. This is an unparalleled opportunity to establish a thriving business in a highly desirable and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,370,598

  6.5%

  $8,649,782

  7%

  $8,031,941

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,032,120

  Geo Method

  $11,587,832

• Alternative Use

  Use

  Valuation

  Residential

  $7,296,415

  Hospitality

  $6,683,477

  Educational

  $5,560,574

  Medical

  $5,751,811

  Retail

  $8,649,782

Location Insight

City

Highland Park

County

Lake

State

Illinois

Latitude

42.1875

Longitude

-87.7975

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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