628 Sheridan RdWinthrop Harbor, IL 60096

Property Details for 628 Sheridan Rd

Year built

1952

Construction

FRAME

Lot size

0.33 AC

Property size (Sq ft)

2,384 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $632,775

  6.5%

  $584,100

  7%

  $542,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,919

  Geo Method

  $782,500

• Alternative Use

  Use

  Valuation

  Residential

  $492,711

  Hospitality

  $451,320

  Educational

  $375,493

  Medical

  $388,407

  Retail

  $584,100

Location Insight

City

Winthrop Harbor

County

Lake

State

Illinois

Latitude

42.4832

Longitude

-87.8231

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.