Winthrop Harbor Gas Station
For Sale
Contact for pricing
847 Sheridan Rd, Winthrop Harbor, IL
Gas station on 0.56 AC lot in Winthrop Harbor, IL.
Property Size2,800 SF
Lot Size0.56 Acres
Price / SF$232.14
Days on Market296
Property Features for 847 Sheridan Rd
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.56 Acres
Property subtype
RETAIL
Listing Agency:
Colliers | Chicago Rosemont
(312) 343-1800
Listed By:
Peter Block · License #471002226
(312) 343-1800
Source:
Moodyscre
Added: Oct 10, 2025
Changed: Jul 6
Last Checked: Jul 31 at 10:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Chicago Rosemont
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.6k | $25.20 |
| − Vacancy | −$1.8k | −$0.66 |
| EGI | $68.7k | $24.54 |
| − OpEx | −$17.2k | −$6.14 |
| NOI | $51.5k | $18.41 |
2,800 SF · lease $25.20/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$736.3K
$644.3K – $859.1K
NOI $51,544 @ 7.0% cap · market cap 7.93%
Second Best
Retail
$409.1K
$358.0K – $477.3K
NOI $28,636 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$966.7K
$845.9K – $1.13M
NOI $67,670 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
