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    Property profile & analytics

    729 Sheridan Rd Winthrop Harbor, IL 60096

    • Retail space
    • 5,377 SF
    • 0.18 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $240,000
    Last Sale
    Mar 17, 2021
    $210,000
    Location Intelligence
    Property ID
    US28-1489141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 729 Sheridan Rd

    Year built
    1946
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    5,377 SF
    Property type
    Retail space
    APN
    04-10-110-004
    APU
    410110004

    Description

    This exceptional retail opportunity presents two available spaces, totaling approximately 500 to 1,000 square feet, within a well-maintained, two-story brick and block building at 729 Sheridan Road in Winthrop Harbor, Illinois. Located on the east side of Sheridan Road (Route 137), between 7th and 8th Streets, this property benefits from high visibility and convenient access. The building, constructed in 1946 and renovated in 2009, offers a total of 5,377 square feet and is zoned DT-2. Each unit features large windows providing excellent natural light and street frontage. The property is ideally situated to serve clients from both Illinois and Wisconsin, given its central location midway between Chicago and Milwaukee. The building is meticulously maintained and has undergone consistent updates throughout its history. This is a rare opportunity to secure a versatile retail space in a desirable location. The flexible layout allows for potential division of the space to suit individual business needs. Contact us today to learn more about this exceptional property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $240,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $210,000
      Mixed-Use
      $200,000
      Hospitality
      $220,000
      Educational
      $215,000
      Residential Income
      $270,000
      Energy
      $260,000
      Income-Based Land
      $265,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop Harbor
    County
    Lake
    State
    Illinois
    Longitude
    -87.8228
    Latitude
    42.4813
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,745
    $10,840
    $84,445
    $95,285
    -
    $32,523
    $253,360
    $285,883

    Comparable in this City

    • Value Estimation by Request
      8,568 SF

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      View Details
    • Value Estimation by Request
      5,208 SF

      946 Sheridan Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,208 SF
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    • Value Estimation by Request
      6,301 SF

      1112 Sheridan Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,301 SF
      1112 Sheridan Rd, Winthrop Harbor, IL 60096-1744
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    • Value Estimation by Request
      11,350 SF

      1142 Sheridan Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,350 SF
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    • Value Estimation by Request
      12,378 SF

      2700 9th St

      RETAIL STORES (PERSONAL SERVICES) • 12,378 SF
      2700 9th St, Winthrop Harbor, IL 60096
      View Details
    • Value Estimation by Request
      15,576 SF

      3021 9th St

      RETAIL STORES (PERSONAL SERVICES) • 15,576 SF
      3021 9th St, Winthrop Harbor, IL 60096-1049
      View Details

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    Similar Nearby for Lease

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      Winthrop Harbor Retail Space for Lease

      Prime retail space, 500-1000 sq ft.
      729 Sheridan Rd, Winthrop Harbor, IL 60096
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    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
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