628 Sheridan Rd Winthrop Harbor, IL 60096
- Retail space
- 2,384 SF
- 0.33 lot acres
Current Use by Public Records
- Retail space
Property Details for 628 Sheridan Rd
- Year built
- 1952
- Construction
- FRAME
- Lot size
- 0.33 lot acres
- Property size
- 2,384 SF
- Property type
- Retail space
- APN
- 04-10-106-038
- APU
- 410106038
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $355,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $350,000
- Mixed-Use
- $325,000
- Hospitality
- $320,000
- Educational
- $280,000
- Residential Income
- $265,000
- Energy
- $335,000
- Income-Based Land
- $305,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Winthrop Harbor
- County
- Lake
- State
- Illinois
- Longitude
- -87.8231
- Latitude
- 42.4832
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
