487-493 Laurel Ave

487-493 Laurel Ave, Highland Park, IL 60035

  • For Sale $975,000
  • 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

Contacts

broker

Peter Bianchi

McLennan Commercial Properties

(847) 655-3361

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable
  • Transit Score ®

    38/100 Some Transit
  • Bike Score ®

    59/100 Bikeable
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

Frequently Asked Questions

What is the lease rate for 487-493 Laurel Ave?

Rental asking rate at 487-493 Laurel Ave is $487,500.00/YR.

What is the total square footage of 487-493 Laurel Ave?

487-493 Laurel Ave totals 2,727 square feet.

When was this property built?

487-493 Laurel Ave was built in 1909.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Peter Bianchi

McLennan Commercial Properties

(847) 655-3361