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Highwood, IL

Highwood, IL Commercial Real Estate for Sale

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Highland Park, IL Deerfield, IL Bannockburn, IL Lake Forest, IL Riverwoods, IL Lincolnshire, IL Northbrook, IL Wilmette, IL

Retail Building in Highwood

Updated: Jul 30, 2025

Retail Building in Highwood

742 Sheridan Rd, Highwood, IL

Contact for pricing

6,400 sqft 0.42 AC lot

Excellent location in bustling business district across from Fort Sheridan
Five retail storefronts at the center with long‑term tenants
6,400 SF retail building with 157’ of frontage on Sheridan Road
Ample parking in rear of building
Close to MetraRail train station, McDonalds & Walgreen’s

Restaurant Space with Patio

Updated: Jan 29, 2025

Restaurant Space with Patio

524 Sheridan Rd, Highwood, IL 60040

Contact for pricing

1,980 sqft

1,980‑sf restaurant space with move‑in ready bar
Includes a 2,200‑sf outdoor patio
Option to easily add a hood if necessary
About a 5‑minute walk to the Highwood Metra Station
Near numerous Pace Bus stops

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Highwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

Class B Downtown Office Building

Class B Downtown Office Building

191 E Deerpath Rd, Lake Forest, IL 60045

Contact for pricing

16,428 sqft

Full-floor and suite-sized office space with natural light in Downtown Lake Forest and commuter-ready access.

Vacant Corner Development Land

Vacant Corner Development Land

181 E Westminster, Lake Forest, IL 60045

Contact for pricing

11,985 sqft

Vacant land on a southeast corner in downtown Lake Forest, suitable for a future development project subject to approvals.

Two-Story Lofted Office Space

Two-Story Lofted Office Space

600 Laurel Ave, Highland Park, IL 60035

Contact for pricing

2,500 sqft

Two-story office space, completely rehabbed in 2017, within a mixed-use building zoned B-5 Central Business District.

Two-Story Retail and Office Building

Two-Story Retail and Office Building

1915 Sheridan Rd, Highland Park, IL

Contact for pricing

8,750 sqft 0.11 AC lot

Two-story building with retail, office space, and parking.

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

Estimated value: by Request

16,400 sqft 0.52 AC lot

700 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

700 Sheridan Rd, Highwood, IL 60040-1002

Estimated value:

$5,195,000

41,275 sqft 2.00 AC lot

Sheridan Rd

VACANT COMMERCIAL LAND

Sheridan Rd, Highwood, IL 60040

Estimated value:

$4,620,000

0.18 AC lot

700 Sheridan Rd

HOMES (RETIRED, NURSING)

700 Sheridan Rd, Highwood, IL 60040-1002

Estimated value:

$5,195,000

59,742 sqft 1.67 AC lot

400 Sheridan Rd

VACANT COMMERCIAL LAND

400 Sheridan Rd, Highwood, IL 60040-1356

Estimated value:

$4,000,000

0.19 AC lot

Waukegan Ave

VACANT COMMERCIAL LAND

Waukegan Ave, Highwood, IL 60040

Estimated value:

$290,000

0.28 AC lot

244 Waukegan Ave

AUTO REPAIR, GARAGE

244 Waukegan Ave, Highwood, IL 60040-1716

Estimated value:

$285,000

1,787 sqft 0.04 AC lot

448 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

448 Sheridan Rd, Highwood, IL 60040-1344

Estimated value:

$275,000

7,355 sqft 0.13 AC lot

9 Highwood Ave

RETAIL STORES (PERSONAL SERVICES)

9 Highwood Ave, Highwood, IL 60040-1503

Estimated value:

$600,000

3,696 sqft 0.04 AC lot

250 Waukegan Ave

RETAIL STORES (PERSONAL SERVICES)

250 Waukegan Ave, Highwood, IL 60040-1716

Estimated value:

$675,000

2,630 sqft 0.12 AC lot

440 Grn Bay Rd

COMMERCIAL (GENERAL)

440 Grn Bay Rd, Highwood, IL 60040-1306

Estimated value:

$17,875,000

0.46 AC lot

440 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

440 Sheridan Rd, Highwood, IL 60040-1316

Estimated value:

$585,000

3,154 sqft 0.08 AC lot

417 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

417 Sheridan Rd, Highwood, IL 60040-1353

Estimated value:

$790,000

3,214 sqft 0.06 AC lot

341 Waukegan Ave

VACANT COMMERCIAL LAND

341 Waukegan Ave, Highwood, IL 60040-1312

Estimated value:

$295,000

0.13 AC lot

Waukegan Ave

VACANT COMMERCIAL LAND

Waukegan Ave, Highwood, IL 60040

Estimated value:

$295,000

311 Waukegan Ave

RETAIL STORES (PERSONAL SERVICES)

311 Waukegan Ave, Highwood, IL 60040-1312

Estimated value:

$350,000

3,880 sqft 0.12 AC lot

Washington Ave

VACANT COMMERCIAL LAND

Washington Ave, Highwood, IL 60040

Estimated value:

$11,230,000

0.06 AC lot

Washington Ave

VACANT COMMERCIAL LAND

Washington Ave, Highwood, IL 60040

Estimated value:

$11,230,000

0.03 AC lot

Washington Ave

VACANT COMMERCIAL LAND

Washington Ave, Highwood, IL 60040

Estimated value:

$10,835,000

0.15 AC lot

546 Grn Bay Rd

COMMERCIAL (GENERAL)

546 Grn Bay Rd, Highwood, IL 60040-1334

Estimated value:

$11,690,000

0.31 AC lot

512 Grn Bay Rd

MINI-WAREHOUSE, STORAGE

512 Grn Bay Rd, Highwood, IL 60040-1363

Estimated value:

$425,000

4,284 sqft 0.08 AC lot

555 Bank Ln

VACANT COMMERCIAL LAND

555 Bank Ln, Highwood, IL 60040-1303

Estimated value:

$325,000

0.29 AC lot

Highwood, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Highwood, IL on our real estate platform. These investment opportunities span a total of 8,380 square feet of properties for sale.

Highwood, IL CRE market trends — vacancy, lease rates and price per SF, updated monthly

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Demographics Overview

Population 5,243

Population Growth (5Y) -2.3%

Median Household Income $101,862

College Educated 57.0%

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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