Technical
Financial
Distress signals
Property profile

2711 Sheridan Rd Zion, IL 60099

FOR SALE
Retail space
Property ID
US28-0764584
27,920 SF 0.64 ac lot Built 1925
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 22,000-square-foot shopping mall presents a compelling investment opportunity in the thriving downtown Zion, Illinois. Situated in a high-traffic area, this two-level property boasts excellent visibility and accessibility. Three private street entrances ensure convenient access for customers and employees. Ample parking is available in two large lots, catering to both tenants and visitors. The property's strategic location places it within easy reach of numerous restaurants, hotels, and other retail establishments, guaranteeing consistent foot traffic. The flexible floor plan offers multiple leasing options, ranging from smaller spaces of 600 square feet to larger units of 2,500 square feet, accommodating a diverse range of businesses. The asking price of $799,000 includes up to $100,000 for renovations, allowing a motivated buyer to customize the space to perfectly suit their specific needs and vision. This versatile property is ideal for a variety of commercial uses, including retail stores, offices, restaurants, and service-oriented businesses. The combination of prime location, flexible space, and renovation allowance makes this a truly unique and attractive investment prospect in a growing and dynamic area. The property's potential for high returns makes it an exceptional opportunity for savvy investors seeking a strong foothold in the Zion commercial market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1925
Construction BRICK
Total area 27,920 SF
Lot 0.64 ac (28,000 SF)
APN 04-22-310-018
UPID US28-0764584

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Shopping Center & Mall
  • Publishing House Newspaper & Magazine
  • Security Service

Location

2711 Sheridan Rd Zion, IL 60099
Zion metro Census 860200 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$686k
Blend (final) Blend
$755k

Owner & transaction history

since 2010
7 recorded transactions
2012
Price N/A
2010
$125,000
2010
Price N/A
2001
$400,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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