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Property profile & analytics
FOR LEASE
Theaters & concert halls

2126 1St St Highland Park, IL 60035

12,904 SF 0.14 ac lot Built 1929
Entity Owned ~ Est. High Equity
Property ID
US28-5802055
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Theaters & concert halls
Use group AUDITORIUM
Year built 1929
Construction BRICK
Total area 12,904 SF
Lot 0.14 ac (6,194 SF)
APN 16-23-114-002
UPID US28-5802055
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
  • Irina Makkai Classical Ballet & Dance School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Monico Hp LLC
Monico Hp LLC
since 2025
5 recorded transactions
2025
$875,000
2016
Price N/A
2005
$850,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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