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    847 Sheridan Rd Winthrop Harbor, IL 60096

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    For Sale
    $650,000

    Gas station on 0.56 AC lot in Winthrop Harbor, IL.

    Property size:
    2,800 SF
    Lot size:
    0.56 Acres

    Property Features for 847 Sheridan Rd

    General Information

    Size
    2,800 SF
    Lot size
    0.56 Acres

    Source: Colliers | Chicago Rosemont Agent Peter Block

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Winthrop Harbor Gas Station Opportunity

    Located at 847 Sheridan Rd in Winthrop Harbor, IL, this property presents a prime investment opportunity. The property is a gas station situated on a 0.56-acre lot at the northeast corner of Sheridan Rd and 9th Street. The existing building encompasses 2,800 square feet. The property is zoned B2 Community Business, suggesting potential for reuse or repurposing. The location benefits from a high-traffic area and strong demographics, with over 5,000 residents within a 1-mile radius. The daytime population within a 3-mile radius is 3,844. The average household income within 1 mile is $122,615. This operational gas station is ready for an ambitious vision.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop Harbor
    County
    Lake
    State
    Illinois
    Longitude
    -87.8232286
    Latitude
    42.4790769

    Nearby Similar for Sale

    • Contact for pricing
      5,306 SF

      Sheridan Road Redevelopment Opportunity

      Large vacant building suitable for reuse or redevelopment.
      700 Sheridan Rd, Winthrop Harbor, IL 60096
      View Details
    • $315,000
      2,384 SF

      Winthrop Harbor Commercial Space

      Prime Location, High Visibility, Investment Opportunity
      628 Sheridan Rd, Winthrop Harbor, IL 60096
      View Details

    FAQs

    What type of property is this?
    Gas station - Gas station on 0.56 AC lot in Winthrop Harbor, IL.
    Where is this gas station located?
    The property is located at 847 Sheridan Rd Winthrop Harbor, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High-traffic location at the corner of Sheridan Rd and 9th street.; - B2 Community Business zoning allows for reuse or repurposing.; - Operational 2,800 SF building ready for immediate use.
    (312) 343-1800
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    Winthrop Harbor, IL 60096
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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
    847 Sheridan Rd Winthrop Harbor, IL 60096
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