Property profile

1601 Sheridan Rd North Chicago, IL 60064

OFF-MARKET
Manufacturing properties
Property ID
US28-2043328
42,788 SF 4.59 ac lot Built 1992
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1992
Construction BRICK
Total area 42,788 SF
Lot 4.59 ac (199,940 SF)
APN 08-33-319-052
UPID US28-2043328

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1601 Sheridan Rd North Chicago, IL 60064
North Chicago metro Census 862901 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.84M
Comparable Approach Comparable
$4.51M
Blend (final) Blend
$800k

Owner & transaction history

since 2013
1 recorded transaction
2013
$49.9M

Zoning & alternative use

Top alternative use upside
Restaurant $7.3M +120.7%
Retail stores $5.4M +64.6%
Office building $5.2M +56.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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