Contacts

Peter Bianchi

McLennan Commercial Properties

(847) 655-3361

Property Details

Property Type Retail - Freestanding
Property Size 2,727 SF
Lot Size 0.23 Acre
Property Tenancy Multi-Tenant
Year Built 1909
Date Updated Apr 2, 2024

Discover the allure of Highland Park, IL, a thriving community on the prestigious North Shore. The area boasts a rich tapestry of upscale amenities, including renowned dining destinations, upscale shops, and cultural attractions. Nearby, the Ravinia Festival presents world-class musical performances in a picturesque outdoor setting. The property's strategic location offers convenient access to major transportation arteries, making it an ideal choice for investors seeking to capitalize on the affluent North Shore market. With a blend of luxury lifestyle offerings and a prime location, investing in the area presents an exceptional opportunity for office building investors.Introducing a rare opportunity: a meticulously-maintained, fully-occupied office building in the coveted North Shore area. This impressive 2,727 SF property, built in 1909 and zoned B-5, offers a turnkey investment with 100% occupancy. With minimal CAM expenses and ample parking, this property ensures a seamless ownership experience. Each lease benefits from a 2.5% annual increase, maximizing long-term ROI for investors. Conveniently situated within walking distance of transportation, dining, and retail options, this property promises both prestige and convenience. Don't miss out on this exceptional investment with a strong rental history and promising future potential.

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Highlights

- 2,727 SF turnkey investment
- Zoned B-5 for versatile use
- Prime location in North Shore area
- Fully occupied for immediate income
- Minimal CAM expenses for cost-efficiency
- Convenient Tenant Parking for 19 to 20 vehicle's
- 2.5% annual lease increases for robust returns
- Proximity to transportation, dining, and shopping
- Impeccably maintained, ensuring lasting value

Getting around

86/100
Walk Score ®
38/100
Transit Score ®
59/100
Bike Score ®

Powered by Walk Score ®

City Highland Park, IL
Neighborhood Highland Park
Zip Code 60035
Market Chicago

Points of Interest

Highland Park

0.15 miles
Highwood

1.43 miles
Ravinia

1.58 miles
Ravinia Park

2.15 miles
Fort Sheridan

2.54 miles
Braeside

2.57 miles
Deerfield

2.96 miles
Lake Cook Road

3.24 miles
Glencoe

3.97 miles
Northbrook

4.34 miles

BP

0.29 miles
Shell

0.53 miles
Shell

1.47 miles
Citgo

1.70 miles
BP

1.76 miles
Mobil

2.08 miles
Thorntons

2.22 miles
Shell

2.26 miles
Mobil

2.53 miles
Shell

2.79 miles

Highland Park Metra Station

0.15 miles
Central Park

0.51 miles
Millard Park

0.96 miles
Крутой жилой комплекс

1.81 miles
Rosewood Beach

1.82 miles
Rosewood Park

1.96 miles
Lot 6

2.38 miles
Lot 4

2.41 miles
Lot 5

2.44 miles
Lot 3

2.47 miles

Dairy Queen

0.15 miles
The Original Pancake House

0.17 miles
Curt's Cafe

0.20 miles
Potbelly

0.21 miles
Michael’s Grill & Salad Bar

0.24 miles
Jamba

0.27 miles
McDonald's

0.34 miles
Subway

0.37 miles
Dunkin'

0.38 miles
Jimmy John's

0.43 miles

Sunset Foods

0.32 miles
Jewel-Osco

1.37 miles
Target

1.51 miles
TJ Maxx

2.34 miles
Trader Joe's

2.41 miles
Marshalls

2.44 miles
Neiman Marcus

2.55 miles
Northbrook Court

2.61 miles
Whole Foods Market

2.93 miles
Jewel-Osco

3.12 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

487-493 Laurel Ave