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    628 Sheridan Rd Winthrop Harbor, IL 60096

    Sponsored
    For Sale
    $315,000

    Prime Location, High Visibility, Investment Opportunity

    Property size:
    2,384 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Winthrop Harbor, IL commercial property at 628 Sheridan Rd offers 2,384 square feet of versatile space, ideal for office, retail, or service businesses. Built in 1952, this single-story brick building features a fully renovated ADA-compliant bathroom, a modern gas furnace/AC system, and a spacious 900 square foot basement. Situated on a 14,375 square foot lot, the property boasts a large, newly paved parking lot and an exterior monument sign, ensuring high visibility. Its prime location on Sheridan Rd, just north of 7th Street, provides excellent access to North Point Marina, a major tourist destination on the Great Lakes. The DT-2 zoning permits a variety of uses, making this a compelling investment opportunity. The property includes one building with a gable roof and is further enhanced by its prominent street exposure. APN: 0410106038. Asking price: $315,000.

    Property Features for 628 Sheridan Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,384 SF

    Building Details

    Year Built
    1952
    Buildings
    1
    Stories
    1

    HighLights

    • 2,384 SF building with approx. 900 SF basement.
    • Modern gas HVAC system.
    • Brick building with gable roof.
    • Fully renovated with ADA‑compliant restroom.
    • Large, newly paved parking area.
    • Exterior monument signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop Harbor
    County
    Lake
    State
    Illinois
    Longitude
    -87.822798921552
    Latitude
    42.483163311176

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    Nearby Similar for Sale

    • $650,000
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      Winthrop Harbor Gas Station Opportunity

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, High Visibility, Investment Opportunity
    Where is this individual retail property located?
    The property is located at 628 Sheridan Rd Winthrop Harbor, IL.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: 2,384 SF building with approx. 900 SF basement.; Modern gas HVAC system.; Brick building with gable roof.
    Request Owner's contact information
    628 Sheridan Rd Winthrop Harbor, IL 60096
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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
    628 Sheridan Rd Winthrop Harbor, IL 60096
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