Financial
Distress signals
Property profile

524 Sheridan Rd Highwood, IL 60040

FOR LEASE
Retail space
Property ID
US28-0342206
2,970 SF 0.15 ac lot Built 1945
Last sale Jun 2019 · $825
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
524 Sheridan Rd, Highwood, IL 60040 For Lease
$325,000 1,200 SF available
524 Sheridan Rd, Highwood, IL 60040
View Listing

Property summary

AI-generated overview

The property consists of a 1,980-square-foot restaurant space with an outdoor patio area of approximately 2,200 square feet. It includes a built-in bar area suitable for immediate occupancy and is configured to allow for the addition of a hood if required. The space is located within walking distance of the Highwood Metra Station and nearby Pace bus stops.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$170k
Assessed land$60k
Assessed improvement$110k
Effective rate5.99%

Value estimate

· Sep 2026
$325k
$293k – $358k
AI approach$325k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$127/SF
County average, outlier-cleaned · 251 recorded sales of this use type
Observed band · Q1–Q3$47 – $218
Qualifying comparables19

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.4
Law Firm17.2
Dental Office14.6

Location

524 Sheridan Rd Highwood, IL 60040
County assessor Recorded deeds · 5 transfers 19 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9 Highwood, Highwood, IL 60040-1503 $600,000 Jan 2024 3,696 SF
250 Waukegan, Highwood, IL 60040-1716 $575,000 Jul 2023 2,630 SF
440 Sheridan, Highwood, IL 60040-1316 $500,000 May 2023 3,154 SF
417 Sheridan, Highwood, IL 60040-1353 $675,000 Apr 2023 3,214 SF
870 Sheridan, Highwood, IL 60040-1003 $925,000 Mar 2021 7,320 SF
318 Grn Bay, Highwood, IL 60040-1305 $415,000 Feb 2019 7,205 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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