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    Property profile & analytics

    1724 1st St Highland Park, IL 60035-3202

    • Office buildings
    • 3,194 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Location Intelligence
    Property ID
    US28-1527708
    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

    • Nicasa Behavioral Health Services / Mental Health Service / Non-Profit Organization

    Property Details for 1724 1st St

    Year built
    1950
    Construction
    BRICK
    Lot size
    0.16 lot acres
    Property size
    3,194 SF
    Property type
    Office buildings
    APN
    16-23-321-015
    APU
    1623321015

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $475,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $495,000
      Mixed-Use
      $515,000
      Hospitality
      $405,000
      Educational
      $500,000
      Residential Income
      $485,000
      Energy
      $515,000
      Income-Based Land
      $425,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.7989
    Latitude
    42.1837
    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
    $21,158
    $135,926
    $74,503
    $210,429
    -
    $407,819
    $223,531
    $631,350

    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
      $365,000
      2,511 SF

      1550 Park W Ave

      OFFICE BUILDING • 2,511 SF
      1550 Park W Ave, Highland Park, IL 60035-2232
      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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    Similar Nearby for Lease

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      View Details
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    • $25 SF/Yr
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      Highland Park Office Space Available

      Office spaces for rent in Highland Park, Illinois.
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      View Details
    • $25 SF/Yr
      18,366 SF

      Highland Park Office Suites Available

      Prime Downtown Highland Park Office Space
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    • $28 SF/Yr
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      Highland Park Boutique Office Suites

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    • $20 SF/Yr
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      Highland Park Office Suites

      Prime downtown Highland Park office space.
      1910 1St St, Highland Park, IL 60035
      View Details
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    Highland Park, IL 60035-3202
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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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