5415 Sheridan RdChicago, IL 60640

Property Details for 5415 Sheridan Rd

Year built

1974

Lot size

1.95 AC

Property type

Office properties

Property subtype

Other office properties

APN

14-08-203-017-1738

APU

14082030171738

Description

This exceptional 5,000 square foot retail or office space is available for lease in Chicago's vibrant Edgewater neighborhood. Located in a prominent single-story mini-mall, this property offers high visibility and is ideally situated adjacent to the Park Tower, a prestigious high-rise residential building with 744 units, 24-hour security, and extensive amenities. The building's convenient location ensures high foot traffic and excellent exposure. The space is currently entirely vacant and presents a unique opportunity for a variety of businesses. Suitable uses include professional offices (law, accounting, medical), insurance agencies, showrooms, or storage solutions. The property is classified as retail and office, with multiple tenancy options available. The building's total square footage is 5,000 square feet, all of which is currently vacant and ready for immediate occupancy. This prime location, anchored by a Lettuce Entertain You establishment, guarantees a high volume of potential clients and customers. The property is located in Cook County, Illinois, at 5415 N Sheridan Rd, Chicago, IL 60640. This is a rare opportunity to secure a significant space in a highly desirable and established area. The property's single-story design offers easy accessibility and ample space for customization to meet specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $25,568,946

  6.5%

  $23,602,104

  7%

  $21,916,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,063,696

  Geo Method

  $11,063,696

• Alternative Use

  Use

  Valuation

  Residential

  $29,266,608

  Hospitality

  $26,808,056

  Educational

  $22,303,988

  Medical

  $23,071,056

  Retail

  $34,695,092

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9804

Longitude

-87.6549

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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