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    742 Sheridan Rd Highwood, IL 60040

    For Sale
    $1,450,000

    Six storefronts, ample parking, strong tenant base.

    Property size:
    6,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 6,400 square foot free-standing retail property presents a compelling investment opportunity in the thriving Highwood, Illinois market. Located at 742 Sheridan Road, this property boasts excellent visibility and frontage on a major thoroughfare. Its strategic location across from the Fort Sheridan Development Project ensures continued growth and high traffic volume. The building comprises five individual retail storefronts, each currently occupied by long-term tenants, providing immediate and consistent cash flow. Ample on-site parking caters to both tenants and customers, enhancing the property's appeal. The property's proximity to the MetraRail train station further enhances its accessibility and desirability. Highwood itself is a dynamic and growing community in Lake County, situated in the northern suburbs of Chicago. The area is known for its robust business community, a lively restaurant and bar scene, and a calendar filled with community festivals and events. This combination of factors – prime location, strong tenant occupancy, convenient amenities, and a thriving community – makes this a truly exceptional investment opportunity in a rapidly developing area. The property offers significant potential for long-term appreciation and stable income generation.

    Property Features for 742 Sheridan Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,400 SF

    Building Details

    Year Built
    2002
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mocha Cafe Cafe Max Studio Nails Nail Salon North Shore Salon ... Eyelash Salon Lake Forest Lamp ... Lighting Store Baroque Salon Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Highwood
    County
    Lake
    State
    Illinois
    Longitude
    -87.81649
    Latitude
    42.21186

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Six storefronts, ample parking, strong tenant base.
    Where is this commercial real estate located?
    The property is located at 742 Sheridan Rd Highwood, IL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    (312) 338-3000
    Request Owner's contact information
    742 Sheridan Rd Highwood, IL 60040
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    Highwood, IL 60040
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    Realmo Value Estimation

    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.

    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.

    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
    742 Sheridan Rd Highwood, IL 60040
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