1160 Park W Ave Highland Park, IL 60035-2230
Property profile & analytics
1160 Park W Ave Highland Park, IL 60035-2230
- Office buildings
- 24,124 SF
- 2.21 lot acres
Property ID
US28-1289245
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.
Location Intelligence
Current Use by 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
Property Details for 1160 Park W Ave
- Year built
- 1965
- Construction
- BRICK
- Lot size
- 2.21 lot acres
- Property size
- 24,124 SF
- Property type
- Office buildings
- APN
- 16-22-300-008
- APU
- 1622300008
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,575,000
- ML approach
- $4,465,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,915,000
- 6.5%
- $5,460,000
- 7%
- $5,070,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,036,000
Market price range: $1.47M - $4.66M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,920,000 Current use
- COMMERCIAL (GENERAL)
- $4,380,000 Change: +50% Conversion: Easy
- AUTO REPAIR, GARAGE
- $4,215,000 Change: +44% Conversion: Difficult
- RESTAURANT
- $4,115,000 Change: +41% Conversion: Moderate
- RETAIL STORES
- $3,070,000 Change: +5% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Highland Park
- County
- Lake
- State
- Illinois
- Longitude
- -87.8186
- Latitude
- 42.1878
- 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
$146,365
$1,052,271
$247,599
$1,299,870
-
$3,157,129
$742,871
$3,900,000
