Property profile

555 Roger Williams Ave Highland Park, IL 60035

FOR LEASE
Parking lots & garages
Property ID
US28-1547880
48,467 SF 0.46 ac lot Built 2020
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A retail property, Ravinia Crossing, offers 24,000 square feet of prime retail space in a brand-new, four-story building constructed in 2022. Located at 555 Roger Williams Avenue in Highland Park, Illinois (zip code 60035), this single-building development boasts a coveted location steps from the Metra station and within easy walking distance of the renowned Ravinia Music Festival and an array of upscale boutiques and restaurants. The property features one available retail space of 854 square feet, perfect for a variety of businesses. The building includes elevators for convenient access to all four floors. This mixed-use development also incorporates 30 new, high-quality apartments (18 two-bedroom and 12 one-bedroom units), creating a vibrant and bustling atmosphere. The property is situated in Lake County and benefits from a low tax rate of $7.21 per square foot. The architectural design, by Fitzgerald Associates, reflects a modern aesthetic, seamlessly blending into the charming Highland Park landscape. This is a unique opportunity to establish a presence in a thriving, upscale community with excellent accessibility and high foot traffic.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2020
Construction BRICK
Total area 48,467 SF
Lot 0.46 ac (20,155 SF)
APN 16-36-103-022
UPID US28-1547880

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Family Counselor

Location

555 Roger Williams Ave Highland Park, IL 60035
Highland Park metro Census 865700 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$82.12M
Blend (final) Blend
$69.75M

Owner & transaction history

since 2006
5 recorded transactions
2022
Price N/A
2006
$1.8M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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