742 Sheridan RdHighwood, IL 60040

This exceptional investment opportunity presents a 6,400-square-foot retail strip center ideally situated on Sheridan Road in Highwood, Illinois. The property boasts five individual storefronts, each currently occupied by long-term tenants, ensuring a stable income stream. Built in 2002, this single-story building features an attractive facade, high ceilings, and excellent visibility from the street. Ample parking is conveniently located at the rear of the building. The property benefits from a highly desirable location in a bustling business district, directly across from the Fort Sheridan Development Project. Its proximity to the MetraRail train station, McDonald's, and Walgreens further enhances its appeal. With 157 feet of frontage on Sheridan Road, this property enjoys significant exposure to a high volume of traffic, serving as a key thoroughfare connecting Lake Forest and Highland Park. The 17,860-square-foot lot is zoned CX-Corridor Mixed Use, offering flexibility for future development. The 2023 property taxes were $22,019.66. This is a rare chance to acquire a well-established, income-producing retail property in a thriving northern Chicago suburb. The asking price is $1,450,000, translating to $226.56 per square foot and $81 per square foot for the land value. This represents a compelling investment opportunity for discerning buyers seeking strong returns in a prime location.