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    2001 Sheridan Rd Zion, IL 60099

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    Sponsored
    Picture of Shopping centers at Sheridan Rd 2001, Zion, IL
    For Lease
    Contact for pricing

    COMMERCIAL - Zion, IL

    Type:Retail
    Days on Market:
    391
    Last Refresh:
    Mar 10 at 3:06 am

    Property Features for 2001 Sheridan Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Thomas Tsaganos

    Thomas Tsaganos (847) 772-2087

    Listing agent Thomas Tsaganos (847) 772-2087

    Listing date Feb 12, 2025

    MLS# 12285324

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Retail Center in Zion

    A new retail center is coming soon to Zion, Illinois. Construction is scheduled to begin in 2025. Spaces ranging from 1750 to 3500 square feet will be available, complemented by 14 parking spaces. The property benefits from high visibility, situated in the central retail area of Zion. The site plan is available for review.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Shiloh Mall, Zion Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Zion
    County
    Lake
    State
    Illinois
    Longitude
    -87.8246938
    Latitude
    42.458756

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Zion Business District

      Retail spaces available in Zion's central business district.
      2200 Sheridan Rd, Zion, IL 60099
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      1,835 SF

      Retail Space on Sheridan Road

      Freestanding retail building with high traffic and parking.
      3325 Sheridan Rd, Zion, IL 60099
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      1,835 SF

      Retail Space on Sheridan Road

      Freestanding retail space in high-traffic area, drive-thru potential.
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      2,100 SF

      Zion Flex Space Available

      Flex space available for lease in Zion, Illinois.
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      Secured Yard with Maintenance Facility

      47-acre truck terminal with parking and service facility.
      43421 N Grn Bay Rd, Zion, IL
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      Secured Yard with Maintenance Facility

      9-acre fenced yard with 180 trailer parking spaces for lease.
      700 Trumpet Park Dr, Zion, IL
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      Zion Retail Strip Center

      High-Visibility Retail Space Available
      3242 Sheridan Rd, Zion, IL 60099
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      8,520 SF

      Zion Plaza Retail Space

      1,200 SF Salon Space Available
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    • $14 SF/Yr
      10,000 SF

      Zion Office Building for Lease

      10,000 SF Office Building, Suites Available
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    FAQs

    What type of property is this?
    Shopping center - New retail center with spaces available in 2025.
    Where is this shopping center located?
    The property is located at 2001 Sheridan Rd Zion, IL.
    What are key features of this property?
    This property features: - New retail center in Zion, opening 2025; - Great visibility in Zion's retail corridor; - Customizable space: **1750 to 3500 SF available**
    (847) 772-2087
    Request Owner's contact information
    2001 Sheridan Rd Zion, IL 60099
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    Zion, IL 60099
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2001 Sheridan Rd Zion, IL 60099
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    We can help!
    Listing Contact
    Thomas Tsaganos
    Real Estate License ID: 471002568
    (847) 772-2087
    Learn more
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