2126 1St St Highland Park, IL 60035
This exceptional 12,904-square-foot mixed-use building in Highland Park, IL, presents a rare investment opportunity. Built in 1929, this two-story, masonry structure boasts a classic facade and prime visibility near the intersection of First Street and Green Bay Road, with 14,500 vehicles passing daily. The property features a 2,355-square-foot indoor parking garage with eight spaces and a convenient curb cut onto Green Bay Road. Inside, you'll find a well-maintained space currently configured as a dance school, including three offices, three large rehearsal rooms, four ADA-compliant bathrooms, and a spacious 2,312-square-foot show/production hall on the second floor with 25-foot ceilings. Additional features include a 12x12 drive-in door, 18-foot ceilings (in parts), a full fire alarm and sprinkler system, 200-amp electric service, and high-security entrance doors and cameras. The 6,194-square-foot lot is zoned B4-5, offering flexibility for various commercial uses, including office, retail, or school. Its convenient location near the Metra train station, bus routes, and major highways (Routes 41 and 94) adds to its appeal. The building's unique features, ample space, and desirable location make it an ideal owner-user or investment property. The asking price is $2,300,000.
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Irina Makkai Classical Ballet & Dance School Training Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.