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Highwood, IL

Retail

Highwood, IL Retail Properties & Spaces for Sale

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Highland Park, IL Deerfield, IL Bannockburn, IL Lake Forest, IL Riverwoods, IL Lincolnshire, IL Northbrook, IL Wilmette, IL

Retail Building in Highwood

Updated: Jul 30, 2025

Retail Building in Highwood

742 Sheridan Rd, Highwood, IL

Contact for pricing

6,400 sqft 0.42 AC lot

Excellent location in bustling business district across from Fort Sheridan
Five retail storefronts at the center with long‑term tenants
6,400 SF retail building with 157’ of frontage on Sheridan Road
Ample parking in rear of building
Close to MetraRail train station, McDonalds & Walgreen’s

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 62 Potential Opportunities for your consideration. Besides 1 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.

Tobacco Storefront with Cigar Room

Tobacco Storefront with Cigar Room

1621 Saint Johns Ave, Highland Park, IL 60035

$99,000

1,200 sqft

Established retail operation includes tobacco products, accessories, fixtures, and equipment.

Two-Story Mixed-Use Retail Office

Two-Story Mixed-Use Retail Office

225 E Deerpath Road, Lake Forest, IL 60045

Contact for pricing

47,863 sqft

Two-story mixed-use building with retail and office space at a downtown street-corner location.

Retail Investment Property with 5% Cap

Retail Investment Property with 5% Cap

990 S. Waukegan Rd., Lake Forest, IL 60045

Contact for pricing

12,046 sqft

Retail property offered with stated 5% cap rate and 12,046-square-foot building for sale.

Two-Story Retail and Office Building

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.

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.

Prime Downtown Libertyville Lot

Prime Downtown Libertyville Lot

121 W Church St Unit 2, Libertyville, IL 60048

$1,500,000

4,500 sqft

Rare opportunity to own a lot in downtown Libertyville.

Land Available Near I-94

Land Available Near I-94

601 Lakehurst Road, Waukegan, IL 60085

$6,495,000

Land for sale near I-94 and Belvidere Rd Exit.

Commercial Land with Street Frontage

Commercial Land with Street Frontage

1213 Grand Avenue, Waukegan, IL 60085

$559,000

Vacant commercial parcel with B-2 and B-3 zoning at a signalized intersection near retail, transit, and established neighborhoods.

Land in Prime Deer Park Location

Land in Prime Deer Park Location

20406 N Rand Road, Deer Park, IL 60047

$1,000,000

1.79 AC lot

1.79 acres of commercial land in Deer Park, Illinois.

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.

210 Green Bay Rd

Individual retail properties

210 Green Bay Rd, Highwood, IL 60040

Estimated value: by Request

16,400 sqft 0.52 AC lot

700 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

700 Sheridan Rd, Highwood, IL 60040-1002

Estimated value:

$5,195,000

41,275 sqft 2.00 AC lot

244 Waukegan Ave

AUTO REPAIR, GARAGE

244 Waukegan Ave, Highwood, IL 60040-1716

Estimated value:

$285,000

1,787 sqft 0.04 AC lot

448 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

448 Sheridan Rd, Highwood, IL 60040-1344

Estimated value:

$275,000

7,355 sqft 0.13 AC lot

9 Highwood Ave

RETAIL STORES (PERSONAL SERVICES)

9 Highwood Ave, Highwood, IL 60040-1503

Estimated value:

$600,000

3,696 sqft 0.04 AC lot

250 Waukegan Ave

RETAIL STORES (PERSONAL SERVICES)

250 Waukegan Ave, Highwood, IL 60040-1716

Estimated value:

$675,000

2,630 sqft 0.12 AC lot

440 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

440 Sheridan Rd, Highwood, IL 60040-1316

Estimated value:

$585,000

3,154 sqft 0.08 AC lot

417 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

417 Sheridan Rd, Highwood, IL 60040-1353

Estimated value:

$790,000

3,214 sqft 0.06 AC lot

311 Waukegan Ave

RETAIL STORES (PERSONAL SERVICES)

311 Waukegan Ave, Highwood, IL 60040-1312

Estimated value:

$350,000

3,880 sqft 0.12 AC lot

1000 Sheridan Rd

SERVICE STATION WITH FOOD MART

1000 Sheridan Rd, Highwood, IL 60040-1005

Estimated value:

$2,090,000

900 sqft 0.37 AC lot

246 Grn Bay Rd

RETAIL STORES (PERSONAL SERVICES)

246 Grn Bay Rd, Highwood, IL 60040-1734

Estimated value:

$12,870,000

49,226 sqft 0.65 AC lot

870 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

870 Sheridan Rd, Highwood, IL 60040-1003

Estimated value:

$1,055,000

7,320 sqft 0.33 AC lot

858 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

858 Sheridan Rd, Highwood, IL 60040-1003

Estimated value:

$435,000

7,200 sqft 0.32 AC lot

524 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

524 Sheridan Rd, Highwood, IL 60040-1311

Estimated value:

$325,000

2,970 sqft 0.15 AC lot

109 Washington Ave

RETAIL STORES (PERSONAL SERVICES)

109 Washington Ave, Highwood, IL 60040-1126

Estimated value:

$360,000

9,711 sqft 0.17 AC lot

318 Grn Bay Rd

RETAIL STORES (PERSONAL SERVICES)

318 Grn Bay Rd, Highwood, IL 60040-1305

Estimated value:

$340,000

7,205 sqft 0.09 AC lot

334 Grn Bay Rd

RETAIL STORES (PERSONAL SERVICES)

334 Grn Bay Rd, Highwood, IL 60040-1305

Estimated value:

$340,000

8,352 sqft 0.13 AC lot

428 Grn Bay Rd

RESTAURANT

428 Grn Bay Rd, Highwood, IL 60040-1306

Estimated value:

$365,000

6,076 sqft 0.22 AC lot

800 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

800 Sheridan Rd, Highwood, IL 60040-1003

Estimated value:

$435,000

18,000 sqft 0.29 AC lot

501 Bank Ln

RETAIL STORES (PERSONAL SERVICES)

501 Bank Ln, Highwood, IL 60040-1340

Estimated value:

$540,000

18,360 sqft 0.34 AC lot

444 Lakeview Ave

RESTAURANT

444 Lakeview Ave, Highwood, IL 60040-1418

Estimated value:

$345,000

3,060 sqft 0.20 AC lot

315 Waukegan Ave

RETAIL STORES (PERSONAL SERVICES)

315 Waukegan Ave, Highwood, IL 60040-1312

Estimated value:

$510,000

4,941 sqft 0.14 AC lot

552 Sheridan Rd

RETAIL STORES (PERSONAL SERVICES)

552 Sheridan Rd, Highwood, IL 60040-1394

Estimated value:

$365,000

6,460 sqft 0.09 AC lot

Highwood, IL Retail Properties & Spaces Market Trends and Statistics

Explore 54 retail properties & spaces for sale in Highwood, IL on our real estate platform. These investment opportunities span a total of 6,400 square feet of properties for sale.

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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%

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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