Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    406 Sheridan Rd Highwood, IL 60040-1309

    • Commercial land
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-1254067
    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

    • Highwood Metra Station / Parking Lot

    Property Details for 406 Sheridan Rd

    Lot size
    0.03 lot acres
    Property type
    Commercial land
    APN
    16-15-208-076
    APU
    1615208076

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Highwood
    County
    Lake
    State
    Illinois
    Longitude
    -87.81
    Latitude
    42.2036
    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
    2023
    $1,596
    $16,699
    $0.00
    $16,699
    -
    $50,102
    $0.00
    $50,102

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      228 Grn Bay Rd

      VACANT COMMERCIAL LAND • 0.28 Acres
      228 Grn Bay Rd, Highwood, IL 60040-1703
      View Details
    • Value Estimation by Request

      317 Grn Bay Rd

      VACANT COMMERCIAL LAND
      317 Grn Bay Rd, Highwood, IL 60040-1315
      View Details
    • Value Estimation by Request
      0.31 Acres

      Sheridan Rd

      VACANT COMMERCIAL LAND • 0.31 Acres
      Sheridan Rd, Highwood, IL 60040
      View Details
    • Value Estimation by Request
      0.05 Acres

      118 Nn Ave

      VACANT COMMERCIAL LAND • 2,746 SF
      118 Nn Ave, Highwood, IL 60040-1522
      View Details
    • Value Estimation by Request
      0.18 Acres

      438 Grn Bay Rd

      VACANT COMMERCIAL LAND • 0.18 Acres
      438 Grn Bay Rd, Highwood, IL 60040-1306
      View Details
    • Value Estimation by Request
      0.21 Acres

      Highwood Ave

      VACANT COMMERCIAL LAND • 0.21 Acres
      Highwood Ave, Highwood, IL 60040
      View Details

    Similar Nearby for Sale

    • $1,250,000
      16,400 SF

      Two-Story Retail Building For Sale

      Two-story retail building in Highwood entertainment corridor.
      210 Green Bay Rd, Highwood, IL 60040
      View Details
    • $1,450,000
      6,400 SF

      Highwood Retail Center - Prime Location

      Six storefronts, ample parking, strong tenant base.
      742 Sheridan Rd, Highwood, IL 60040
      View Details
    • Contact for pricing
      6,400 SF

      Retail Building in Highwood

      6,400 SF retail building with long-term tenants.
      742 Sheridan Rd, Highwood, IL 60040
      View Details
    • $1,200,000
      16,400 SF

      Highwood Retail Building - For Sale

      Prime Highwood storefront, 16,400 sq ft.
      210 Green Bay Rd, Highwood, IL 60040
      View Details
    • Contact for pricing
      1,980 SF

      Highwood Restaurant Space with Patio

      Restaurant space with patio in vibrant Highwood location.
      524 Sheridan Rd, Highwood, IL 60040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    406 Sheridan Rd
    Highwood, IL 60040-1309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.