742 Sheridan Rd, Highwood, IL 60040
For Sale
1 / 13
This exceptional 6,400 square foot free-standing retail property presents a compelling investment opportunity in the thriving Highwood, Illinois market. Located at 742 Sheridan Road, this property boasts excellent visibility and frontage on a major thoroughfare. Its strategic location across from the Fort Sheridan Development Project ensures continued growth and high traffic volume. The building comprises five individual retail storefronts, each currently occupied by long-term tenants, providing immediate and consistent cash flow. Ample on-site parking caters to both tenants and customers, enhancing the property's appeal. The property's proximity to the MetraRail train station further enhances its accessibility and desirability. Highwood itself is a dynamic and growing community in Lake County, situated in the northern suburbs of Chicago. The area is known for its robust business community, a lively restaurant and bar scene, and a calendar filled with community festivals and events. This combination of factors – prime location, strong tenant occupancy, convenient amenities, and a thriving community – makes this a truly exceptional investment opportunity in a rapidly developing area. The property offers significant potential for long-term appreciation and stable income generation.
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Baroque Salon Hair Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.