1866 Sheridan RdHighland Park, IL 60035

Property Details for 1866 Sheridan Rd

Year built

1927

Construction

BRICK

Lot size

0.22 AC

Property size (Sq ft)

30,623 SF

Property type

Office properties

Property subtype

Office buildings

APN

16-23-408-007

APU

1623408007

Description

This exceptional mixed-use property, the North Shore Building, is situated at 1866 Sheridan Road in downtown Highland Park, Illinois, at the corner of Sheridan Road and Central Avenue. The building offers a total of 20,000 square feet of space, encompassing executive, traditional, creative, and medical office suites. Tenants can choose from various sizes, ranging from 243 to 1,492 square feet, with a total of 10 spaces currently available. The building sits on a 0.22-acre lot in Lake County (zip code 60035). The property features two full floors of office space above ground-floor retail spaces. This location benefits from its proximity to the downtown area, which boasts over 100 retailers, numerous award-winning restaurants, and a high employment rate. Highland Park's vibrant downtown has earned recognition as one of the best downtowns on the North Shore and consistently ranks among the top cities to live and work in Illinois. The building's convenient location is east of the train station, offering easy access to public transportation. This architectural gem presents a unique opportunity for businesses seeking a prestigious address in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,529,346

  6.5%

  $5,104,012

  7%

  $4,739,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,108,944

  Geo Method

  $3,988,646

• Alternative Use

  Use

  Valuation

  Residential

  $6,328,974

  Hospitality

  $5,797,307

  Educational

  $4,823,291

  Medical

  $4,989,172

  Retail

  $7,502,898

Location Insight

City

Highland Park

County

Lake

State

Illinois

Latitude

42.1864

Longitude

-87.7982

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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