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Property profile & analytics
FOR LEASE
Retail space

1850 2Nd St Highland Park, IL 60035

50,180 SF 0.49 ac lot Built 1965
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US28-1365442
Property summary
AI-generated overview

This exceptional 9,000-square-foot Class A executive office suite is available for lease in the prestigious Renaissance Place building at 1850 2nd St, Highland Park, IL 60035. Located on the second floor, this beautifully appointed space boasts multiple private offices, spacious conference rooms, and a unique amenity: a private gym and shower. Enjoy abundant natural light throughout. The suite features a dedicated storefront entrance and convenient private elevator access. On-site parking is available in a secure garage. The building itself, constructed in 1965, offers 50,180 total square feet. Its prime downtown Highland Park location provides unparalleled convenience. Situated just one block west of the Highland Park Metra Station, it offers easy access to public transportation. Route 41 is approximately two miles away. A vibrant array of dining and retail options are within steps, including Starbucks, Walker Brothers, Backyard BBQ, Potbelly, Michael's Hot Dogs, Once Upon a Deli, Lou Malnati's, Walgreens, Dunkin Donuts, Sushi Kushi, FedEx Office, and Lao Sze Chuan. This is a truly remarkable opportunity to secure a high-quality, well-appointed office space in a thriving downtown location. Lake County's business-friendly environment adds to the appeal of this exceptional property.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction BRICK
Total area 50,180 SF
Lot 0.49 ac (21,344 SF)
APN 16-23-308-037
UPID US28-1365442
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
  • Anytime Fitness Gym & Fitness Center
  • The Diver North Shore Restaurant
  • Diver Cantina North Shore Restaurant
  • Wayfarer Theaters Cinema Theater & Performing Art Venue
  • Gabby & Summer Classics Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.51M
Blend (final) Blend
$1.87M
Owner & transaction history
T Renaissance Nr Il LLC · 3 yrs held
T Renaissance Nr Il LLC
since 2022
6 recorded transactions
2022
Price N/A
2020
Price N/A
2019
Price N/A
2017
$32.6M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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