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Highwood, IL

Highwood, IL Commercial Real Estate for Sale

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Highland Park, IL Bannockburn, IL Deerfield, IL

Highwood Retail Property For Sale

Updated: Aug 12, 2024

Highwood Retail Property For Sale

742 Sheridan Road, Highwood, IL 60040

$1,250,000

6,400 sqft

6,400 sq ft free‑standing retail property in Highwood, IL
Located across from the Fort Sheridan Development Project in desirable Lake County
Comprised of five retail storefronts with long‑term tenants
Excellent frontage on Sheridan Road and ample parking
Close proximity to the MetraRail train station

Renovated Housing Facility with Retail

Updated: Jan 27

Renovated Housing Facility with Retail

700 Sheridan Rd, Highwood, IL 60040

Contact for pricing

105 total units: 95 studio units and 10 one‑bedroom units.
Recently renovated interior and exterior.
Includes a 2,100± SF commercial kitchen.
Features a 20,000± SF retail space suitable for grocery operations, restaurants, and similar uses.
Located in Chicago’s North Shore suburbs, between Lake Forest & Highland Park.

Highwood Restaurant Space with Patio

Highwood Restaurant Space with Patio

524 Sheridan Rd, Highwood, IL

Contact for pricing

1,980 sqft · 0.15 AC lot

Restaurant space with patio in vibrant Highwood location.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Two-Story Retail Building For Sale

Two-Story Retail Building For Sale

210 Green Bay Rd, Highwood, IL

$1,250,000

16,400 sqft · 0.21 AC lot

Two-story retail building in Highwood entertainment corridor.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in Highwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Building in Deerfield, Illinois

Retail Building in Deerfield, Illinois

700 Deerfield Rd |, Deerfield, IL 60015

$3,150,000

Retail building for sale, leased to a national tenant.

Highland Park Land For Sale

Highland Park Land For Sale

Patten Road, Highland Park, IL 60035

$1,490,000

1.33 AC lot

1.33 acre commercial land available in Highland Park, Illinois.

Mixed-Use Center in Highland Park

Mixed-Use Center in Highland Park

585 Elm Place |, Highland Park, IL 60035

Contact for pricing

Mixed-use neighborhood center in affluent North Shore Chicago suburb.

Renovated Office Building in Deerfield

Renovated Office Building in Deerfield

10 Parkway N, Deerfield, IL

Contact for pricing

106,000 sqft · 5.20 AC lot

Updated office building with extensive amenities and convenient transportation access.

Off-Market Properties in Highwood, IL

Consider similar Off-Market properties in Highwood, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

210 Green Bay Rd

Individual retail properties

210 Green Bay Rd, Highwood, IL 60040

Value Estimation by Request

16,400 sqft · 0.52 AC lot

700 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

700 Sheridan Rd, Highwood, IL 60040-1002

$5,175,000

Estimated value

41,275 sqft · 2.00 AC lot

VACANT COMMERCIAL LAND

Sheridan Rd, Highwood, IL 60040

$4,620,000

Estimated value

0.18 AC lot

700 Sheridan Rd

HOMES (RETIRED, NURSING)

700 Sheridan Rd, Highwood, IL 60040-1002

$4,705,000

Estimated value

59,742 sqft · 1.67 AC lot

400 Sheridan Rd

VACANT COMMERCIAL LAND

400 Sheridan Rd, Highwood, IL 60040-1356

$4,000,000

Estimated value

0.19 AC lot

VACANT COMMERCIAL LAND

Waukegan Ave, Highwood, IL 60040

Value Estimation by Request

0.28 AC lot

244 Waukegan Ave

AUTO REPAIR, GARAGE

244 Waukegan Ave, Highwood, IL 60040-1716

Value Estimation by Request

1,787 sqft · 0.04 AC lot

448 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

448 Sheridan Rd, Highwood, IL 60040-1344

$660,000

Estimated value

7,355 sqft · 0.13 AC lot

RETAIL STORES (PERSONAL SERVICES)

9 Highwood Ave, Highwood, IL 60040-1503

$600,000

Estimated value

3,696 sqft · 0.04 AC lot

250 Waukegan Ave

RETAIL STORES (PERSONAL SERVICES)

250 Waukegan Ave, Highwood, IL 60040-1716

$580,000

Estimated value

2,630 sqft · 0.12 AC lot

COMMERCIAL (GENERAL)

440 Grn Bay Rd, Highwood, IL 60040-1306

$17,875,000

Estimated value

0.46 AC lot

440 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

440 Sheridan Rd, Highwood, IL 60040-1316

$505,000

Estimated value

3,154 sqft · 0.08 AC lot

417 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

417 Sheridan Rd, Highwood, IL 60040-1353

$660,000

Estimated value

3,214 sqft · 0.06 AC lot

341 Waukegan Ave

VACANT COMMERCIAL LAND

341 Waukegan Ave, Highwood, IL 60040-1312

Value Estimation by Request

0.13 AC lot

VACANT COMMERCIAL LAND

Waukegan Ave, Highwood, IL 60040

Value Estimation by Request

311 Waukegan Ave

RETAIL STORES (PERSONAL SERVICES)

311 Waukegan Ave, Highwood, IL 60040-1312

Value Estimation by Request

3,880 sqft · 0.12 AC lot

VACANT COMMERCIAL LAND

Washington Ave, Highwood, IL 60040

$11,230,000

Estimated value

0.06 AC lot

VACANT COMMERCIAL LAND

Washington Ave, Highwood, IL 60040

$11,230,000

Estimated value

0.03 AC lot

VACANT COMMERCIAL LAND

Washington Ave, Highwood, IL 60040

$10,835,000

Estimated value

0.15 AC lot

COMMERCIAL (GENERAL)

546 Grn Bay Rd, Highwood, IL 60040-1334

$10,955,000

Estimated value

0.31 AC lot

Highwood, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Highwood, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 22,800 square feet of properties for sale, with an estimated market value of $2,500,000.

Sale prices for business properties in Highwood, IL start at $1,250,000, averaging $1,250,000, and reaching up to $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 5,243

Population Growth (5Y) -2.3%

Median Household Income $101,862

College Educated 57.0%

High-Yield Neighborhoods for Investment

Identify Highwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60040	$1.3M

Taxes & Financing

Tax Rate (average for all types) 6.35%

Property Tax per SF $24.60 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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