2566 Skokie Vly Rd Highland Park, IL 60035-1739
Property profile & analytics
2566 Skokie Vly Rd Highland Park, IL 60035-1739
- Turn key restaurants
- 3,002 SF
- 0.76 lot acres
Property ID
US28-5839458
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.
Location Intelligence
Current Use by Public Records
- Taco Bell / Restaurant / Take-out & Catering
Property Details for 2566 Skokie Vly Rd
- Year built
- 1979
- Construction
- BRICK
- Lot size
- 0.76 lot acres
- Property size
- 3,002 SF
- Property type
- Turn key restaurants
- APN
- 16-16-408-010
- APU
- 1616408010
Description
This fee-simple Taco Bell property in Highland Park, IL, offers a compelling net lease investment opportunity. The 3,002 square foot restaurant sits on a 0.76-acre lot and boasts a strong 5.40% cap rate with a current NOI of $97,663. The absolute NNN lease with the franchisee tenant, AG Bells II, LLC, has approximately 12.1 years remaining, including four 5-year renewal options. Rent increases by 10% every five years. The property benefits from its high-visibility location on Skokie Valley Road, a major thoroughfare with over 55,000 vehicles per day, and proximity to Half Day Road (20,000+ VPD). This prime location is part of a high-profile retail corridor with numerous national brands. The surrounding area demonstrates strong demographics, with an affluent population exceeding 105,000 residents within a 5-mile radius and an average household income over $173,000. Annual food and beverage spending within this radius surpasses $440 million. The property's location within the Chicago MSA, the third largest in the country, further enhances its investment potential. Built in 1979, this Taco Bell represents a stable, long-term investment with significant upside potential due to the brand's popularity and the favorable lease terms. The asking price is $1,808,593, translating to $602.46 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Highland Park
- County
- Lake
- State
- Illinois
- Longitude
- -87.8328
- Latitude
- 42.199
- 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
$19,988
$118,514
$129,176
$247,690
-
$355,578
$387,567
$743,145
