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1643 Sheridan Rd

3,492 SF 100% Leased Retail Building North Chicago, IL 60064 $370,000 ($106/SF) 3.57% Cap Rate

Retail Space Illinois North Chicago 1643 Sheridan Rd, North Chicago, IL 60064

Investment Highlights

  • Proximity to interstate.

Executive Summary

Spacious 3,492 sf Mixed Use building on highly visible corner of Sheridan Rd! Lower level with small office, half bathroom and huge 2-story warehouse. Warehouse is easily accessible via rear overhead door. High traffic and visibility in North Chicago and close to naval base! Bus stop right in front of building! The 2nd floor features a remodeled studio apartment, perfect for supplemental income or as owner suite. The studio is completely updated with the floors throughout, luxury bathroom with walk-in, tiled shower.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,492 SF
Building Class
C
Year Built
1930
Price
$370,000
Price Per SF
$106
Cap Rate
3.57%
NOI
$13,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Land Acres
0.18 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial - Commercial District
Parking
15 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
39 FT on Sheridan Rd

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Signage
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PROPERTY TAXES

Parcel Number 08-33-320-032 Improvements Assessment $44,357
Land Assessment $7,404 Total Assessment $51,761

PROPERTY TAXES

Parcel Number
08-33-320-032
Land Assessment
$7,404
Improvements Assessment
$44,357
Total Assessment
$51,761
(773) 482-1917

  • Listing ID: 25336643

  • Date on Market: 3/26/2022

  • Last Updated:

  • Address: 1643 Sheridan Rd, North Chicago, IL 60064

More public record information on 1643 Sheridan Rd, North Chicago, IL 60064

The Retail Property at 1643 Sheridan Rd, North Chicago, IL 60064 is currently available For Sale. Contact Compass for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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1643 Sheridan Rd
(773) 482-1917 x

1643 Sheridan Rd

Joe Guli

(773) 482-1917

(773) 482-1917

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