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700 Sheridan Rd Highwood, IL 60040

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For Sale
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Five-story building with 105 units and retail space in Highwood.

Building Details

Year built
1971

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Listing Contact
Chet Evans
Source: Hilcorealestatesales

Listing Agent: Chet Evans

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

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Overview

Renovated Housing Facility with Retail

The property, known as 700 on Sheridan, is a five-story housing facility originally designed as a Ramada Inn hotel. It features 105 units, including 95 studio units averaging 316 square feet and 10 one-bedroom units ranging from 632 to 720 square feet. The building has undergone comprehensive interior and exterior renovations, including the addition of a 2,100 square foot commercial kitchen and a 20,000 square foot retail space suitable for grocery operations, restaurants, and similar uses. Amenities include a lobby and reception area, management office, library, mail room, beauty/barber shop, sundry store, wellness/therapy facilities, indoor pool and sauna, and an industrial kitchen. The property is located in Chicago’s North Shore suburbs, between Lake Forest and Highland Park, with accessibility via I-94, IL Route 22, IL Route 131, and U.S. Route 41. This site presents an opportunity to provide housing and retail options for the Chicago North Shore area.
Location Intelligence

Current Use by Public Records

Life time and Apartment Complex

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

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City
Highwood
County
Lake
State
Illinois
Longitude
-87.81458
Latitude
42.2101537

FAQs

What type of property is this?
Apartment building - Five-story building with 105 units and retail space in Highwood.
Where is this apartment building located?
The property is located at 700 Sheridan Rd Highwood, IL.
What are key features of this property?
This property features: - 105 total units: 95 studio units and 10 one-bedroom units.; - Recently renovated interior and exterior.; - Includes a 2,100± SF commercial kitchen.
More about this property
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