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    Property profile & analytics

    1550 Park W Ave Highland Park, IL 60035-2232

    • Office buildings
    • 2,511 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Sep 03, 2021
    $355,000
    Location Intelligence
    Property ID
    US28-0605433
    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.

    Current Use by Public Records

    • Big Frey Promotional Products / Promotional Products Supplier
    • Speisman Law Center / Attorney

    Property Details for 1550 Park W Ave

    Year built
    1959
    Construction
    BRICK
    Lot size
    0.25 lot acres
    Property size
    2,511 SF
    Property type
    Office buildings
    APN
    16-21-405-017
    APU
    1621405017

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.8298
    Latitude
    42.1887
    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
    $7,856
    $52,194
    $38,565
    $90,759
    -
    $156,598
    $115,707
    $272,305

    Comparable in this City

    • Value Estimation
      $390,000
      3,954 SF

      89 Lincolnwood Rd

      OFFICE BUILDING • 3,954 SF
      89 Lincolnwood Rd, Highland Park, IL 60035-5229
      View Details
    • Value Estimation
      $425,000
      3,194 SF

      1724 1st St

      OFFICE BUILDING • 3,194 SF
      1724 1st St, Highland Park, IL 60035-3202
      View Details
    • Value Estimation
      $1,295,000
      21,632 SF

      480 Elm Pl

      OFFICE BUILDING • 21,632 SF
      480 Elm Pl, Highland Park, IL 60035-2538
      View Details
    • Value Estimation
      $685,000
      30,623 SF

      1866 Sheridan Rd

      OFFICE BUILDING • 30,623 SF
      1866 Sheridan Rd, Highland Park, IL 60035-2547
      View Details
    • Value Estimation by Request
      5,625 SF

      2900 Skokie Vly Rd

      OFFICE BUILDING • 5,625 SF
      2900 Skokie Vly Rd, Highland Park, IL 60035-1000
      View Details
    • Value Estimation by Request
      4,024 SF

      56 Skokie Vly Rd

      OFFICE BUILDING • 4,024 SF
      56 Skokie Vly Rd, Highland Park, IL 60035-4402
      View Details

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      8,750 SF

      Two-Story Retail and Office Building

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    Similar Nearby for Lease

    • $16 SF/Yr
      31,631 SF

      Highland Park Professional Office Space

      Three-story office building in downtown Highland Park with parking.
      1893 Sheridan Rd, Highland Park, IL 60035
      View Details
    • Contact for pricing
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      View Details
    • $25 SF/Yr
      1,263 SF

      Highland Park Office Space Available

      Office spaces for rent in Highland Park, Illinois.
      478 Central Ave, Highland Park, IL 60035
      View Details
    • $18 SF/Yr
      17,000 SF

      Central Ave Highland Park Office

      Class A Office Suites, Downtown Location
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    • $21 SF/Yr
      20,000 SF

      North Shore Building: Highland Park Offices

      Prime Highland Park office space, multiple suites available.
      1866 Sheridan Rd, Highland Park, IL 60035
      View Details
    • Contact for pricing
      1,558 SF

      Highland Park Premier Office Space

      Premier office space in Highland Park with modern design.
      1770 1St St, Highland Park, IL 60035
      View Details
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    1550 Park W Ave
    Highland Park, IL 60035-2232
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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