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    Winthrop Harbor Gas Station Opportunity Title is generated by Realmo AI

    847 Sheridan Rd, Winthrop Harbor, IL

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

    Type:RETAIL
    Property size:
    2,800 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $232/SF
    Added:
    Oct 10, 2025
    Days on Market:
    250
    Last Refresh:
    May 19 at 10:53 pm

    Property Features for 847 Sheridan Rd

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Lot size
    0.56 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Peter Block
    Peter Block

    Listing agent Peter Block License #471002226

    Listing office Colliers | Chicago Rosemont

    Listing date Oct 10, 2025

    Source Moodyscre

    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

    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.
    • Strong demographics: Over 5,000 people within a 1‑mile radius.
    • High average household income: $122,615 within 1 mile.
    • Sizeable 0.56 AC lot.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $51,544 @ 7.0% cap · market cap 7.93%
    Second Best
    Retail
    $409.1K
    $358.0K – $477.3K (±1% cap)
    NOI $28,636 @ 7.0% cap · market cap 4.41%
    Theoretical Best
    Office A
    $966.7K
    $845.9K – $1.13M (±1% cap)
    NOI $67,670 @ 7.0% cap · market cap 10.41%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop Harbor
    County
    Lake
    State
    Illinois
    Longitude
    -87.8232
    Latitude
    42.4791

    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Peter Block
    Peter Block
    Real Estate License ID: 471002226
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