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    4932 N Sheridan Rd Chicago, IL 60640

    For Sale
    $2,150,000

    High-visibility 14,882 SF parcel in Uptown's Sheridan Road corridor.

    Property Features for 4932 N Sheridan Rd

    General Information

    Standard status
    Active

    Source: TRITON REALTY GROUP LLC Agent ALEXANDER SUMMERS

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

    Overview

    Uptown Chicago Development Opportunity

    Located in Uptown, Chicago, the property at 4932-36 N Sheridan Rd presents a development opportunity. The site is a 14,882 SF parcel situated in Uptown's Sheridan Road corridor. Currently zoned B3-2, there is potential to up-zone for a larger project. The site includes an 8,000 SF vacant building. This building could serve as an interim space for an owner-operator in retail, dining, or medical uses while redevelopment plans are underway. The location provides access to transportation and amenities, being steps from the Red Line, lakefront trails, and the Wilson Avenue district. This property offers the chance to capitalize on Uptown's growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nailarti University Beauty Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6553264
    Latitude
    41.9725272

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    FAQs

    What type of property is this?
    Commercial land - High-visibility 14,882 SF parcel in Uptown's Sheridan Road corridor.
    Where is this commercial land located?
    The property is located at 4932 N Sheridan Rd Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Prime 14,882 SF development opportunity in Uptown's Sheridan Road corridor.; - High-visibility location steps from the Red Line, lakefront trails, and Wilson Avenue district.; - Zoned B3-2 with potential to up-zone for larger project.
    (312) 788-9379
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    4932 N Sheridan Rd Chicago, IL 60640
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    Chicago, IL 60640
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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
    4932 N Sheridan Rd Chicago, IL 60640
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