742 Sheridan Road
Highwood, IL, 60040 $ 1,390,000
Bedrooms-- Baths-- Sq 6,400 Monthly Estimate*
$ 9,600
for $1,390,000. This 6,400 square foot building was built in 2002 on a lot size of 0.410009.
Excellent opportunity to acquire a 6,400-square-foot free-standing retail property in a highly visible North Shore location. This prominent commercial property offers exceptional Sheridan Road frontage, strong street exposure, ample on-site parking, and convenient access to the Metra train station, making it an attractive opportunity for both investors and owner-users. The property features five retail storefronts, providing multiple income-producing spaces and a diverse tenant mix with several long-term established businesses. The existing commercial occupancy offers an investor the opportunity to acquire a property with an established presence in the local business community. Zoned CX - Corridor Mixed Use, the property offers a flexible commercial setting within Highwood's established business corridor. The building provides approximately 157 feet of Sheridan Road frontage, excellent visibility, and 25 on-site parking spaces. Sheridan Road is a prominent North Shore thoroughfare providing daily 5,500 minimum vehicular exposure and convenient connectivity throughout Highwood, Lake Forest, Highland Park, and surrounding communities. Recent traffic studies in the area document strong traffic volumes along the Sheridan Road corridor, further enhancing the property's visibility and exposure. Located directly across from the Fort Sheridan development, the property benefits from a prime location surrounded by residential, commercial, dining, and recreational activity. Highwood is a vibrant and growing North Shore community known for its strong local business environment, popular restaurants and bars, festivals, community events, and ongoing residential and commercial development. The property's proximity to downtown Highwood, the Metra station, Fort Sheridan, and surrounding affluent North Shore communities further enhances its appeal. With prominent Sheridan Road frontage, established tenants, flexible CX zoning, possibility to add residential up, ample parking, and excellent visibility, this is an exceptional opportunity for an investor or owner-user seeking a well-located commercial property in Chicago's desirable northern suburbs.
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FeaturesGeneralCooling Central Individual
Zoning RTAIL
Year Built 2002
Electric Service - 101 to 200 Amps
Tenant Pays All Utilities
Stories Count 1
Township Moraine
Tax Year 2023
Business Type Retail
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status New
Directions On the West side of Sheridan Rd between Old Elm and Half Day Road. Just south of Ft. Sheridan entrance
City Highwood
MLS Area Highwood
Lot Size Square Feet 17860
Tax Annual Amount 22019
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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ExteriorBuilding Area Total 6400
Lot Dimensions 151X119
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* Excluded FeaturesList By@Properties Christie's International Real EstateBroker
renatazelinskaya@atproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,600
- Monthly Property Taxes
- $1,835
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Highwood, IL
Average List Price $1,390,000
Percent of Sale Price 0%
About Highwood, IL 5,478 Population
32% Since 2002
$ 54,880 Median Income
35.96 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/8/2026 | $1,390,000 | | Listed Price |