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    Property profile & analytics
    OFF-MARKET Estimated value $2,070,000
    Commercial real estate

    440 Central Ave, Highland Park, IL 60035-2688

    12,762 SF 0.23 ac lot Built 1945
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-0343580
    Property summary
    AI-generated overview

    This exceptional executive office space, located at 440 Central Avenue in Highland Park, Illinois, offers 4,726 square feet of versatile space, currently entirely vacant and available for lease. The building, a two-story Class B structure built in 1945, features impressive 16-foot ceilings and boasts a desirable downtown location. The space is divisible to a minimum of 1,805 square feet, allowing for flexibility to suit various business needs. Amenities include exposed brick walls, hardwood floors, modern lighting, full wiring, Wi-Fi, and substantial backbone capacity. Each unit is equipped with a private kitchen, bathrooms, and a foyer, along with individually controlled HVAC systems and 24-hour access. Several private offices are already built-in, ideal for a variety of professional uses, including technology, architecture, legal, insurance, real estate, or accounting firms. The property is zoned B-4 and has a 200 AMP power supply. The building is conveniently located within walking distance of downtown Highland Park and the Metra train station, with ample public and private parking nearby. Tenants are responsible for their pro-rata share of taxes, CAM, and insurance. Short-term leases will be considered, and the large space is suitable for private events. The APN is 16234090070000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1945
    Construction BRICK
    Total area 12,762 SF
    Lot 0.23 ac (10,001 SF)
    APN 16-23-409-007
    UPID US28-0343580
    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
    • Emalfarb Law LLC Law Firm
    • ChargePoint Charging Station Electric Vehicle Charging Station
    • Downtown HP Association / Organization Business Management Consultant
    • Howard M Bain PC Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.21M
    CAP Approach CAP
    $2.03M
    Comparable Approach Comparable
    $2.86M
    Blend (final) Blend
    $2.07M
    Owner & transaction history
    Hard Market Reality LLC · 3 yrs held
    Hard Market Reality LLC
    since 2022
    Last sale
    $2.0M
    7 recorded transactions
    2023
    2022
    $2.0M
    2022
    2022
    2015
    2014
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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