Listing Agency: Avison Young | Suburban Chicago t***@avisonyoung.com Show Phone

Listed By: Tim Henry

Source: Moodyscre

Added: Jan 29, 2025 Changed: Jul 28 Last Checked: Jul 30 at 12:22PM

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Investment Insights

Based on property information with market context.

This for-lease restaurant space offers approximately 1,980 square feet and includes a move-in ready bar. The unit also features an outdoor patio of approximately 2,200 square feet, providing space for guest dining and service. There is also an option to add a hood if necessary.

The property is positioned within Highwood’s suburban night scene and is about a 5-minute walk from the Highwood Metra Station, along with numerous Pace Bus stops.

Ideal for operators looking for a turn-key setup with dedicated patio space and flexibility regarding kitchen hood requirements, the space is ready for occupancy.

Key Highlights

• Move‑in ready 1,980‑sf restaurant space with a bar
• Includes a 2,200‑sf outdoor patio
• Option to add a hood if needed

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Parts Store Auto Repair Shop Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

736

Businesses Nearby

11k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 49% Dining 46% Electronics 6%

Tacos El Norte Dining

4,821 visits/mo 0.1 miles

Citgo Shops & Services

2,502 visits/mo 0.1 miles

U.S. Bank Shops & Services

2,154 visits/mo 0.3 miles

Metro by T-Mobile Electronics

611 visits/mo 0.1 miles

Napa Auto Parts Shops & Services

499 visits/mo 0.4 miles

Demographics for 60040, IL

5,102

Population

1,969

Households

2.6

Avg Household Size

37

Median Age

38%

College-Educated

80%

High-School Grad

0.8 sq mi

ZIP Area

6,378

Density / Sq Mi

$101,862

Median Household Income

$41,361

Median Earnings

$1,800

Median Rent

$454,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Move-in ready restaurant space with a bar and an outdoor patio, with the option to add a hood if needed.

Where is this conventional restaurant located?

The property is located at 524 Sheridan Rd Highwood, IL.

What are key features of this property?

This property features: Move‑in ready 1,980‑sf restaurant space with a bar; Includes a 2,200‑sf outdoor patio; Option to add a hood if needed