Property profile

507 Sheridan Rd Highwood, IL 60040

OFF-MARKET
Banks
Property ID
US28-3500596
6,514 SF 0.29 ac lot Built 2001
Trust Owned 26-yr Hold Free & Clear
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2001
Construction BRICK
Total area 6,514 SF
Lot 0.29 ac (12,550 SF)
APN 16-15-210-001
UPID US28-3500596

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Loan Service Bank
  • Bank Loan Service

Location

507 Sheridan Rd Highwood, IL 60040-1310
Highwood metro Census 865200 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
$789k
Blend (final) Blend
$455k

Owner & transaction history

since 2000
1 recorded transaction
2000
$412,500

Zoning & alternative use

Top alternative use upside
Restaurant $750,000 +48.9%
Retail stores $645,000 +28.4%
Commercial (general) $580,000 +15.7%

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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