440 Central Ave, Highland Park, IL 60035-2688
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.
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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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.