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    Property profile & analytics

    894 Sheridan Rd Highwood, IL 60040-1003

    • Turn key restaurants
    • 4,398 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimation
    $585,000
    Location Intelligence
    Property ID
    US28-1514929
    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

    • McDonald's / Coffee Shop / Hamburger Restaurant

    Property Details for 894 Sheridan Rd

    Year built
    2000
    Construction
    BRICK
    Lot size
    0.97 lot acres
    Property size
    4,398 SF
    Property type
    Turn key restaurants
    APN
    16-10-305-018
    APU
    1610305018

    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
    -87.819
    Latitude
    42.2154
    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
    $43,694
    $379,035
    $258,525
    $637,560
    -
    $1,137,219
    $775,653
    $1,912,872

    Comparable in this City

    • Value Estimation by Request
      2,530 SF

      526 Sheridan Rd

      RESTAURANT • 2,530 SF
      526 Sheridan Rd, Highwood, IL 60040-1311
      View Details
    • Value Estimation
      $640,000
      1,946 SF

      950 Sheridan Rd

      RESTAURANT • 1,946 SF
      950 Sheridan Rd, Highwood, IL 60040-1004
      View Details
    • Value Estimation by Request
      7,632 SF

      301 Waukegan Ave

      RESTAURANT • 7,632 SF
      301 Waukegan Ave, Highwood, IL 60040-1312
      View Details
    • Value Estimation
      $665,000
      26,068 SF

      425 Sheridan Rd

      RESTAURANT • 26,068 SF
      425 Sheridan Rd, Highwood, IL 60040-1308
      View Details
    • Value Estimation
      $425,000
      8,794 SF

      200 Grn Bay Rd

      RESTAURANT • 8,794 SF
      200 Grn Bay Rd, Highwood, IL 60040-1703
      View Details
    • Value Estimation
      $460,000
      5,792 SF

      530 Sheridan Rd

      RESTAURANT • 5,792 SF
      530 Sheridan Rd, Highwood, IL 60040-1311
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Restaurant space with patio in vibrant Highwood location.
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    • $1,250,000
      16,400 SF

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      Two-story retail building in Highwood entertainment corridor.
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    • $1,200,000
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      Highwood Retail Building - For Sale

      Prime Highwood storefront, 16,400 sq ft.
      210 Green Bay Rd, Highwood, IL 60040
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    • 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
    • $1,450,000
      6,400 SF

      Highwood Retail Center - Prime Location

      Six storefronts, ample parking, strong tenant base.
      742 Sheridan Rd, Highwood, IL 60040
      View Details
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    894 Sheridan Rd
    Highwood, IL 60040-1003
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    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
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