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    Property profile & analytics
    OFF-MARKET Estimated value $4,580,000
    Office buildings

    1160 Park W Ave, Highland Park, IL 60035-2230

    24,124 SF 2.21 ac lot Built 1965
    Entity Owned ~ Est. High Equity
    Property ID
    US28-1289245
    Property summary
    AI-generated overview

    This exceptional single-story medical office building, totaling 22,277 square feet, presents a rare opportunity. Situated less than a mile west of North Shore Highland Park Hospital and conveniently located east of Route 41, this Class B property boasts an enviable location. Built in 1979 and renovated in 2023, the building is impeccably maintained and features a strong tenant roster with an impressive average lease term of 20 years. Multiple suites are available, with a minimum divisible space of 1,650 square feet and a current vacancy of 4,339 square feet. The property sits on 2.2 acres of land and offers private storage for all tenants. This is an ideal investment opportunity for medical professionals seeking a well-established, high-demand location. The surrounding area demonstrates exceptional demographics, with an average household income exceeding $235,000, ensuring a stable and lucrative investment. The building's single-story design and ample parking provide convenient access for both patients and staff. Don't miss this chance to acquire a prime medical office space in a thriving community.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1965
    Construction BRICK
    Total area 24,124 SF
    Lot 2.21 ac (96,268 SF)
    APN 16-22-300-008
    UPID US28-1289245
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Consultants in Allergy & Asthma Care LLC Physician Medical Clinic
    • North Suburban Oral & Mxllfcl: Martino Richard P DDS Dental Office
    • Dr. Mengyu Tsai, DDS Dental Office
    • Body By Bloch: Steven Bloch, MD Medical Clinic
    • North Shore Ambulatory Surgery Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.47M
    CAP Approach CAP
    $5.46M
    Comparable Approach Comparable
    $4.04M
    Blend (final) Blend
    $4.58M
    Owner & transaction history
    Park Avenue Commercial Realty LLC
    Park Avenue Commercial Realty LLC
    since 2025
    Last sale
    $4.9M
    5 recorded transactions
    2025
    $4.9M
    2023
    $3.9M
    2023
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $4.4M +49.9%
    Auto repair, garage $4.2M +44.4%
    Restaurant $4.1M +41.0%
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