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Property profile & analytics
OFF-MARKET
Retail space
729 Sheridan Rd, Winthrop Harbor, IL 60096-1663
Individually Owned
5-yr Hold
Free & Clear
Property ID
US28-1489141
Property summary
AI-generated overview
This exceptional retail opportunity presents two available spaces, totaling approximately 500 to 1,000 square feet, within a well-maintained, two-story brick and block building at 729 Sheridan Road in Winthrop Harbor, Illinois. Located on the east side of Sheridan Road (Route 137), between 7th and 8th Streets, this property benefits from high visibility and convenient access. The building, constructed in 1946 and renovated in 2009, offers a total of 5,377 square feet and is zoned DT-2. Each unit features large windows providing excellent natural light and street frontage. The property is ideally situated to serve clients from both Illinois and Wisconsin, given its central location midway between Chicago and Milwaukee. The building is meticulously maintained and has undergone consistent updates throughout its history. This is a rare opportunity to secure a versatile retail space in a desirable location. The flexible layout allows for potential division of the space to suit individual business needs. Contact us today to learn more about this exceptional property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
FRAME
Total area
5,377 SF
Lot
0.18 ac (8,030 SF)
APN
04-10-110-004
UPID
US28-1489141
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William David Stried · 5 yrs held
William David Stried
since 2021
Last sale
$210,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Winthrop Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winthrop Harbor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,745
Tax year 2023
Assessed value
$95,285
Assessed 2023
Previous assessed
$79,910
+19.2% YoY
Effective rate
9.18%
On assessed value
Assessed land
$10,840
Assessed improvement
$84,445
Land market value
$32,523
Improvement market value
$253,360
Total market value
$285,883
Applied tax rate
1,105.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Construction
FRAME
Heating
NONE
Total area
5,377 SF
Lot
0.18 ac (8,030 SF)
APN
04-10-110-004
UPID
US28-1489141
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1946
Construction
FRAME
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
William David Stried
Individual
Free & Clear · 5 yrs held
Mailing address
510 RUSSELL AVE, WINTHROP HARBOR, IL 60096-1260
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
—
William David Stried
Bds Property Services LLC
Quit Claim Deed
related
—
Sep 8, 2015
$210,000
Bds Property Services LLC
Lyla N White
Deed
$157,500 · Associated Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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