Highwood, IL Retail Properties & Spaces for Sale

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Highland Park, IL Bannockburn, IL Deerfield, IL

Updated: Aug 12, 2024

Highwood Retail Property For Sale

742 Sheridan Road, Highwood, IL 60040

$1,250,000

6,400 sqft

6,400 sq ft free‑standing retail property in Highwood, IL
Located across from the Fort Sheridan Development Project in desirable Lake County
Comprised of five retail storefronts with long‑term tenants
Excellent frontage on Sheridan Road and ample parking
Close proximity to the MetraRail train station

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Updated: Jan 27

Renovated Housing Facility with Retail

700 Sheridan Rd, Highwood, IL 60040

Contact for pricing

105 total units: 95 studio units and 10 one‑bedroom units.
Recently renovated interior and exterior.
Includes a 2,100± SF commercial kitchen.
Features a 20,000± SF retail space suitable for grocery operations, restaurants, and similar uses.
Located in Chicago’s North Shore suburbs, between Lake Forest & Highland Park.

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Highwood Restaurant Space with Patio

524 Sheridan Rd, Highwood, IL

Contact for pricing

1,980 sqft · 0.15 AC lot

Restaurant space with patio in vibrant Highwood location.

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Two-Story Retail Building For Sale

210 Green Bay Rd, Highwood, IL

$1,250,000

16,400 sqft · 0.21 AC lot

Two-story retail building in Highwood entertainment corridor.

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Based on your search, we've compiled 65 Potential Opportunities for your consideration. Besides 4 Active listings in Highwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 53 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Building in Deerfield, Illinois

700 Deerfield Rd |, Deerfield, IL 60015

$3,150,000

Retail building for sale, leased to a national tenant.

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Mixed-Use Center in Highland Park

585 Elm Place |, Highland Park, IL 60035

Contact for pricing

Mixed-use neighborhood center in affluent North Shore Chicago suburb.

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Jewel-Osco Anchored Shopping Center

110 S Waukegan Rd |, Deerfield, IL 60015

Contact for pricing

428 sqft

Retail property in affluent North Shore community with value-add opportunities.

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Two-Story Retail and Office Building

1915 Sheridan Rd, Highland Park, IL

Contact for pricing

8,750 sqft · 0.11 AC lot

Two-story building with retail, office space, and parking.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land in High-Traffic Area

1290 S Butterfield Road, Mundelein, IL 60060

$399,000

C2-zoned vacant lot near I-94 and Route 60.

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Prime Downtown Libertyville Lot

121 West Church Street, Libertyville, IL 60048

Contact for pricing

Rare opportunity to own a lot in downtown Libertyville.

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Commercial Land Near Abt Electronics

1223 Milwaukee Avenue, Glenview, IL 60025

$795,000

0.84 AC lot

0.835 acre commercial land for sale on Milwaukee Road.

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Mundelein Commercial Development Opportunity

427 E Il Route 83, Mundelein, IL 60060

$349,900

1.00 AC lot

Prime commercial land in Mundelein, seller financing available.

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Off-Market Properties in Highwood, IL

Consider similar Off-Market properties in Highwood, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Individual retail properties

210 Green Bay Rd, Highwood, IL 60040

Value Estimation by Request

16,400 sqft · 0.52 AC lot

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RETAIL STORES (PERSONAL SERVICES)

700 Sheridan Rd, Highwood, IL 60040-1002

$5,175,000

Estimated value

41,275 sqft · 2.00 AC lot

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AUTO REPAIR, GARAGE

Value Estimation by Request

3,880 sqft · 0.12 AC lot

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SERVICE STATION WITH FOOD MART

1000 Sheridan Rd, Highwood, IL 60040-1005

$2,010,000

Estimated value

900 sqft · 0.37 AC lot

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RETAIL STORES (PERSONAL SERVICES)

246 Grn Bay Rd, Highwood, IL 60040-1734

$10,930,000

Estimated value

49,226 sqft · 0.65 AC lot

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RETAIL STORES (PERSONAL SERVICES)

870 Sheridan Rd, Highwood, IL 60040-1003

$990,000

Estimated value

7,320 sqft · 0.33 AC lot

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RETAIL STORES (PERSONAL SERVICES)

858 Sheridan Rd, Highwood, IL 60040-1003

$725,000

Estimated value

7,200 sqft · 0.32 AC lot

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RETAIL STORES (PERSONAL SERVICES)

$910,000

Estimated value

18,360 sqft · 0.34 AC lot

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Highwood, IL Retail Properties & Spaces Market Trends and Statistics

Explore 57 retail properties & spaces for sale in Highwood, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 22,800 square feet of properties for sale, with an estimated market value of $2,500,000.

Sale prices for stores in Highwood, IL start at $1,250,000, averaging $1,250,000, and reaching up to $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 5,243

Population Growth (5Y) -2.3%

Median Household Income $101,862

College Educated 57.0%

High-Yield Neighborhoods for Investment

Identify Highwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60040	$1.3M

Taxes & Financing

Tax Rate (average for all types) 6.35%

Property Tax per SF $24.60 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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Highwood, IL Retail Properties & Spaces for Sale

742 Sheridan Road, Highwood, IL 60040

700 Sheridan Rd, Highwood, IL 60040

524 Sheridan Rd, Highwood, IL

210 Green Bay Rd, Highwood, IL

Opportunities in Nearby Cities

700 Deerfield Rd |, Deerfield, IL 60015

585 Elm Place |, Highland Park, IL 60035

110 S Waukegan Rd |, Deerfield, IL 60015

1915 Sheridan Rd, Highland Park, IL

Potential Development Sites for Consideration

1290 S Butterfield Road, Mundelein, IL 60060

121 West Church Street, Libertyville, IL 60048

1223 Milwaukee Avenue, Glenview, IL 60025

427 E Il Route 83, Mundelein, IL 60060

Off-Market Properties in Highwood, IL

210 Green Bay Rd, Highwood, IL 60040

700 Sheridan Rd, Highwood, IL 60040-1002

244 Waukegan Ave, Highwood, IL 60040-1716

448 Sheridan Rd, Highwood, IL 60040-1344

9 Highwood Ave, Highwood, IL 60040-1503

250 Waukegan Ave, Highwood, IL 60040-1716

440 Sheridan Rd, Highwood, IL 60040-1316

417 Sheridan Rd, Highwood, IL 60040-1353

311 Waukegan Ave, Highwood, IL 60040-1312

1000 Sheridan Rd, Highwood, IL 60040-1005

246 Grn Bay Rd, Highwood, IL 60040-1734

870 Sheridan Rd, Highwood, IL 60040-1003

858 Sheridan Rd, Highwood, IL 60040-1003

524 Sheridan Rd, Highwood, IL 60040-1311

109 Washington Ave, Highwood, IL 60040-1126

318 Grn Bay Rd, Highwood, IL 60040-1305

334 Grn Bay Rd, Highwood, IL 60040-1305

428 Grn Bay Rd, Highwood, IL 60040-1306

800 Sheridan Rd, Highwood, IL 60040-1003

501 Bank Ln, Highwood, IL 60040-1340

Highwood, IL Retail Properties & Spaces Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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