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Property profile & analytics
FOR LEASE
Office buildings
1910 1St St, Highland Park, IL 60035
Entity Owned
28-yr Hold
Free & Clear
Property ID
US28-1527713
For Lease
1 / 5
$20 SF/Yr
1910 1St St, Highland Park, IL 60035
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Property summary
AI-generated overview
This four-story, 28,000 square foot Class B building offers a mix of executive, traditional, creative, and medical office spaces, along with retail options. Located at 1910 1st St, Highland Park, IL 60035, this multi-tenant property sits on 0.19 acres in Lake County. The building features elevators and boasts stunning downtown views from the upper two floors. Available office suites range from 663 to 1,049 square feet. The building's prime location in downtown Highland Park offers easy access to over 100 retailers, award-winning restaurants, and benefits from a high employment rate. Highland Park's vibrant downtown area has been recognized for its excellence, consistently ranking among the best places to live and work in Illinois. This mixed-use building presents a unique opportunity to establish a presence in a thriving and desirable community. The building's retail space complements the office offerings, creating a dynamic and convenient environment for tenants. Contact us today to learn more about available spaces and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
BRICK
Total area
25,400 SF
Lot
0.17 ac (7,501 SF)
APN
16-23-309-020
UPID
US28-1527713
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
-
Blue Margarita's Mexican Restaurant Restaurant
-
Little Steps Pediatric Therapy Physician
-
KAIZEN Electrolysis Hair Salon Skin Care Clinic
-
Little Steps Pediatric Therapy - ABA Therapy Medical Clinic
-
Ana Shpilman Facial Clinic: Lymphatic Drainage, Microcurrent, Microneedling, Che Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.37M
Owner & transaction history
Klairmont Family Associates LP · 28 yrs held
Klairmont Family Associates LP
since 1997
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$47,139
Tax year 2023
Assessed value
$693,141
Assessed 2023
Previous assessed
$517,199
+34.0% YoY
Effective rate
6.80%
On assessed value
Assessed land
$145,635
Assessed improvement
$547,506
Land market value
$436,949
Improvement market value
$1,642,682
Total market value
$2,079,631
Applied tax rate
18,079.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1990
Construction
BRICK
Heating
NONE
Total area
25,400 SF
Lot
0.17 ac (7,501 SF)
APN
16-23-309-020
UPID
US28-1527713
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
BRICK
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Klairmont Family Associates LP
Entity
Free & Clear · 28 yrs held
Mailing address
4747 W PETERSON AVE, CHICAGO, IL 60646-5712
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 1997
—
Klairmont Family Associates LP
American Nat'l B&t Co Chgo Tte
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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