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    Property profile & analytics

    1853 2nd St Highland Park, IL 60035-3113

    • Turn key restaurants
    • 3,394 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-4276055
    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

    • 2nd St/Elm Place South / Parking Lot
    • Sweet Home Gelato Highland Park / Coffee Shop / Dessert Shop
    • Golden Tulip Landcaping Company / Landscape Designer / Plant Nursery

    Property Details for 1853 2nd St

    Year built
    1955
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    3,394 SF
    Property type
    Turn key restaurants
    APN
    16-23-309-029
    APU
    1623309029

    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
    -87.8013
    Latitude
    42.1863
    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
    $13,488
    $70,079
    $66,295
    $136,374
    -
    $210,258
    $198,905
    $409,163

    Comparable in this City

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      $660,000
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      592 Roger Williams Ave

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    • Value Estimation
      $1,950,000
      5,354 SF

      2063 Skokie Vly Rd

      RESTAURANT • 5,354 SF
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    • Value Estimation by Request
      2,416 SF

      455 Central Ave

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      1996 2nd St

      RESTAURANT • 1,932 SF
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    • Value Estimation by Request
      2,040 SF

      431 Temple Ave

      RESTAURANT • 2,040 SF
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      View Details

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    Similar Nearby for Lease

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      Retail or medical space near Highland Park Hospital and downtowns.
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    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      2.9k
    • Avg Time on site
      20 min
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    Highland Park, IL 60035-3113
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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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