Highwood, IL Retail Space 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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This listing looks promising.

Here's a quick look at some key insights for

742 Sheridan Road, Highwood, IL 60040

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Est. Cap Rate

5.2%
NOI ÷ price
Est. NOI

$65K
Annual
Mortgage

$424K
Recorded
Last Sold

Nov 2017
$640K
Property Type

Retail Stores
Built 2001

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Updated: Dec 20, 2023

Two-Story Retail Building For Sale

210 Green Bay Rd, Highwood, IL

$1,250,000

16,400 sqft · 0.21 AC lot

Located in the vibrant Highwood entertainment corridor.
Dedicated parking area in the rear of the building for 15+ vehicles.
Situated directly on Green Bay Road in Highwood, IL.
Steps from Highwood Metra station.
Two‑story retail building.

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Based on your search, we've compiled 39 Potential Opportunities for your consideration. Besides 2 Active listings in Highwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 32 Off-Market properties to explore as potential leads, plus 1 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.

Iconic Restaurant & Real Estate Opportunity

260 S Milwaukee Avenue, Wheeling, IL 60090

$799,900

3,255 sqft · 0.73 AC lot

Profitable restaurant and prime real estate on Restaurant Row.

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Two-Story Office/Retail Building For Sale

1040 S MILWAUKEE Avenue, Wheeling, IL 60090

$1,895,000

26,000 sqft

Two-story office/retail building with high occupancy and parking.

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Mixed-Use Building For Sale

1650 Willow Road, Northfield, IL 60093

$510,000

2,500 sqft

Retail space with apartments in a good location.

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Mixed-Use Building Near Interstate

1652 Willow Road, Northfield, IL 60093

$579,000

3,137 sqft

Two-story mixed-use building with retail, office, and apartment.

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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.

Prime PUD-Zoned Land Opportunity

3229 State Road 207, Elkton, FL 32033

$1,599,000

900 sqft · 2.07 AC lot

2.07 acres of PUD-zoned land in a growing corridor.

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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

View details

RETAIL STORES (PERSONAL SERVICES)

700 Sheridan Rd, Highwood, IL 60040-1002

$5,175,000

Estimated value

41,275 sqft · 2.00 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

448 Sheridan Rd, Highwood, IL 60040-1344

$660,000

Estimated value

7,355 sqft · 0.13 AC lot

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RETAIL STORES (PERSONAL SERVICES)

9 Highwood Ave, Highwood, IL 60040-1503

$600,000

Estimated value

3,696 sqft · 0.04 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

250 Waukegan Ave, Highwood, IL 60040-1716

$580,000

Estimated value

2,630 sqft · 0.12 AC lot

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RETAIL STORES (PERSONAL SERVICES)

440 Sheridan Rd, Highwood, IL 60040-1316

$505,000

Estimated value

3,154 sqft · 0.08 AC lot

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RETAIL STORES (PERSONAL SERVICES)

417 Sheridan Rd, Highwood, IL 60040-1353

$660,000

Estimated value

3,214 sqft · 0.06 AC lot

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RETAIL STORES (PERSONAL SERVICES)

311 Waukegan Ave, Highwood, IL 60040-1312

Value Estimation by Request

3,880 sqft · 0.12 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)

524 Sheridan Rd, Highwood, IL 60040-1311

Value Estimation by Request

2,970 sqft · 0.15 AC lot

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RETAIL STORES (PERSONAL SERVICES)

109 Washington Ave, Highwood, IL 60040-1126

$550,000

Estimated value

9,711 sqft · 0.17 AC lot

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RETAIL STORES (PERSONAL SERVICES)

318 Grn Bay Rd, Highwood, IL 60040-1305

$650,000

Estimated value

7,205 sqft · 0.09 AC lot

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RETAIL STORES (PERSONAL SERVICES)

334 Grn Bay Rd, Highwood, IL 60040-1305

$720,000

Estimated value

8,352 sqft · 0.13 AC lot

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RETAIL STORES (PERSONAL SERVICES)

800 Sheridan Rd, Highwood, IL 60040-1003

$1,420,000

Estimated value

18,000 sqft · 0.29 AC lot

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RETAIL STORES (PERSONAL SERVICES)

501 Bank Ln, Highwood, IL 60040-1340

$910,000

Estimated value

18,360 sqft · 0.34 AC lot

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RETAIL STORES (PERSONAL SERVICES)

315 Waukegan Ave, Highwood, IL 60040-1312

$510,000

Estimated value

4,941 sqft · 0.14 AC lot

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RETAIL STORES (PERSONAL SERVICES)

552 Sheridan Rd, Highwood, IL 60040-1394

$835,000

Estimated value

6,460 sqft · 0.09 AC lot

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RETAIL STORES (PERSONAL SERVICES)

520 Grn Bay Rd, Highwood, IL 60040-1307

Value Estimation by Request

6,450 sqft · 0.14 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

224 Grn Bay Rd, Highwood, IL 60040-1703

$525,000

Estimated value

4,880 sqft · 0.15 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

51 Highwood Ave, Highwood, IL 60040-1535

Value Estimation by Request

825 sqft · 0.07 AC lot

View details

Highwood, IL Retail Space Market Trends and Statistics

Explore 34 retail space for sale in Highwood, IL 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 retail space 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 Space for Sale

742 Sheridan Road, Highwood, IL 60040

210 Green Bay Rd, Highwood, IL

Opportunities in Nearby Cities

260 S Milwaukee Avenue, Wheeling, IL 60090

1040 S MILWAUKEE Avenue, Wheeling, IL 60090

1650 Willow Road, Northfield, IL 60093

1652 Willow Road, Northfield, IL 60093

Potential Development Sites for Consideration

3229 State Road 207, Elkton, FL 32033

Off-Market Properties in Highwood, IL

210 Green Bay Rd, Highwood, IL 60040

700 Sheridan Rd, Highwood, IL 60040-1002

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

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

800 Sheridan Rd, Highwood, IL 60040-1003

501 Bank Ln, Highwood, IL 60040-1340

315 Waukegan Ave, Highwood, IL 60040-1312

552 Sheridan Rd, Highwood, IL 60040-1394

520 Grn Bay Rd, Highwood, IL 60040-1307

224 Grn Bay Rd, Highwood, IL 60040-1703

51 Highwood Ave, Highwood, IL 60040-1535

Highwood, IL Retail Space Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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