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    1913-15 Sheridan Rd Highland Park, IL 60035

    Sponsored
    For Sale
    Contact for pricing

    Prime Downtown Location, 8,750 SF

    Property size:
    8,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This two-story, 8,750-square-foot storefront building, completely renovated in 2007, is ideally situated in Highland Park's Central Business District at the corner of Sheridan Road and Central Street. The property boasts a high-visibility location on a major commercial thoroughfare, offering excellent access to public transportation, the Metra train station, and the Edens Expressway. The building includes a first-floor retail space with a showroom and office areas, a kitchen, and a full bathroom. The second floor offers partially built-out office space, and a sizable 1,800-square-foot basement is also available. Improvements encompass a security system, HVAC, updated windows, electrical and plumbing systems, a new roof, renovated facade, and a sprinkler system. Parking is provided for nine cars, including a heated two-car garage with additional storage. The 9,139-square-foot lot is zoned B-5, part of an overlay district. Nearby retailers include Starbucks, Walgreens, Orangetheory Fitness, Pottery Barn, McDonald's, Potbelly, and Sunset Foods. The 2023 property taxes were $37,145.28. This vacant property presents a unique opportunity for both users and investors seeking a prominent presence in a thriving, affluent North Shore community known for its vibrant downtown, upscale boutiques, and restaurants. The building features an elevator.

    Property Features for 1913-15 Sheridan Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,750 SF

    Building Details

    Year Built/Renovated
    1930/2007
    Stories
    2

    HighLights

    • Two‑story building with elevator.
    • 1,800 SF basement plus first‑floor retail space and second‑floor office space.
    • First‑floor retail features showroom, offices, kitchen, full bath, and high‑end finishes.
    • Second floor offers partially built‑out office space.
    • Recent improvements include security system, HVAC, windows, electrical, plumbing, roof, facade, and sprinkler system.
    • Heated two‑car garage with storage; nine total parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.797848947181
    Latitude
    42.187127719368

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Location, 8,750 SF
    Where is this individual retail property located?
    The property is located at 1913-15 Sheridan Rd Highland Park, IL.
    What are key features of this property?
    This property features: Two-story building with elevator.; 1,800 SF basement plus first-floor retail space and second-floor office space.; First-floor retail features showroom, offices, kitchen, full bath, and high-end finishes.
    Request Owner's contact information
    1913-15 Sheridan Rd Highland Park, IL 60035
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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
    1913-15 Sheridan Rd Highland Park, IL 60035
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