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Property profile & analytics

4848 Sheridan Rd Chicago, IL 60640

  • Office Properties & Spaces
Value Estimation
$260,000
Last Sale
Jul 20, 2021
$270,000
Location Intelligence
Property ID
US28-3316196
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

  • Karen Ayers - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
  • Wangle Creative, Inc / Graphic Designer
  • Kids Future Day Care Center / Day Care Center / Nursery School
  • New City Remodeling / Bathroom Remodeler / General Contractor
  • ATM Machine at P Shop North / Atm

Property Details for 4848 Sheridan Rd

Property type
Office Properties & Spaces
APN
14-08-416-043-1001
APU
14084160431001

Description

This exceptional 5,257 square foot single-tenant space is located within the prestigious Sheridan Grande, a modern condominium building in Chicago's vibrant Uptown submarket. Built in 2005, this 228,800 square foot building offers a variety of uses, including traditional office, medical office, and creative office spaces. The property is ideally suited for businesses seeking a versatile and adaptable environment. The space is currently shell space, providing a blank canvas for tenant build-out and customization to perfectly meet your specific needs. This presents a unique opportunity to create a truly bespoke workspace. The building boasts a prime location, just a 7-minute walk from the Lawrence and Argyle CTA Red Line stations, providing convenient access to public transportation. Enjoy the proximity to local amenities, including Montrose Street Beach and the Aragon Ballroom. Other tenants in the building include State Farm and a daycare center. An attractive incentive of up to 12 months of free rent is currently being offered. This is a rare opportunity to secure a highly desirable space in a thriving Chicago neighborhood. The property is located at 4848 N Sheridan Rd, Chicago, IL 60640, within Cook County. The property type is retail and office, with a single tenancy.

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%
    $310,000
    6.5%
    $310,000
    7%
    $315,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $270,000
    Geo Method
    $250,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $280,000
    Retail
    $270,000
    Mixed-Use
    $285,000
    Hospitality
    $300,000
    Educational
    $245,000
    Residential Income
    $325,000
    Energy
    $245,000
    Income-Based Land
    $305,000
    Food Service
    $255,000

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6553
Latitude
41.971
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
2022
$13,419
$21,159
$41,844
$63,003
-
$84,636
$167,376
$252,012
More about this property
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