417-429 Temple Ave - 4 parcels 417-429 Temple Ave

Investment Highlights

36,428 square footage mixed-use development site across 4 parcels. 429 Temple Ave sits a brick commercial building that is built out for restaurant use. This is a prime opportunity to develop an iconic property next to downtown Highwood, Illinois. 417 Temple sits a frame single family home in need of repairs currently used for storage.

Executive Summary

Proud to introduce an opportunity to develop a 36,438 SF mixed-use development site. Currently consisting of 4 parcels, the site has not been offered for sale in generations. This is a prime opportunity to develop an iconic property next to downtown Highwood IL. Currently in Highland Park, the property borders Highwood. 2 parcels on Temple Ave consisting of 21,902 SF, have favorable zoning in the B1A Waukegan-Bloom Neighborhood District and have 100' of frontage on Temple. The additional 2 parcels which connect in the rear of the lot and have frontage on Walker Ave are zoned RM1 Medium to High Density Multi-family and adds an additional 14,626 SF bringing the total for all 4 parcels to 36,438 SF. Currently at 429 Temple Ave sits a brick commercial building that is built out for restaurant use. Large seating room and bar along with large kitchen and cooler are on the first floor. On the 2nd floor is another dining room and 2 private rooms. There is also a 2nd kitchen, butler pantry, and office space. Property has hoods and black iron. At 417 Temple sits a frame single family home in need of repairs currently used for storage. The property has 4 bedrooms 1.5 baths, large living room, formal dining room, and kitchen. The Temple property also has a large gravel parking lot, driveway, and 4 car garage. On the Walker property sits a single family home, tenant paying under market rents. PIN #s: 423 Temple (429 Temple) 16143010190000, 417 Temple 16143010140000, 376 Walker 16143010040000 + 16143010030000

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Restaurant General Retail Storefront Retail/Residential Storefront Retail/Office
• Building Size    5,272
• Building Class    C
• Year Built    1940
• Price    1,600,000
• Price Per SF    303
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.14
• Land Acres    0.84 AC

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