105 Unit Property & Separate Commercial Opportunity

For Sale

700 Sheridan Rd, Highwood, IL 60040

This Highwood property for sale is located at 700 Sheridan Rd. The general use of 105 Unit Property & Separate Commercial Opportunity is retail and it incorporates 91,500 square feet of class C retail space. Contact the listing broker for details on the current sale price for 105 Unit Property & Separate Commercial Opportunity. 105 Unit Property & Separate Commercial Opportunity is situated on a lot that is 1.67 acre in size.

Contacts

broker
Chet Evans

Hilco Real Estate

Property Details

  • Property Type Retail - Freestanding
  • Property Size 91,500 SF
  • Units 105
  • Lot Size 1.67 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1965
  • Date Updated Dec 2, 2024
Highwood, Illinois, is situated in Chicago’s affluent North Shore suburban neighborhood. Known for its top-rated schools, beautiful lakefront views and charming communities, this area offers a vibrant culture with boutique shops, fine dining, golf courses, country clubs and nature preserves. The area’s development is further characterized by its excellent transportation access. It is 27 miles from the Chicago Loop and 20 miles from O’Hare Airport. Public transportation options include Metra’s Chicago & North Western/North Line commuter trains and Pace bus service. Metra trains run over twenty times a day between Kenosha, Wisconsin, and Chicago, Illinois, with nearby stations in Highwood, Fort Sheridan and Highland Park. The express train from Highwood to Chicago takes only thirty minutes. Additionally, Highwood is easily accessible via IL Route 22, IL Route 131 and U.S. Route 41.On-Site Inspections: By Appointment Only This property, known as 700 on Sheridan, is a five-story housing facility. Originally designed as a Ramada Inn hotel, this building features a total of 105 units, with 95 studio units averaging 316± SF and 10 one-bedroom units ranging from 632± to 720± SF. The building has undergone comprehensive interior and exterior renovations including its recent additions of 2,100± SF commercial kitchen and a 20,000± SF retail space suitable for grocery operations, restaurants and similar uses. This site is a prime opportunity for a new investor or owner to provide quality housing and retail opportunities for the Chicago North Shore area.
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Highlights

  • 95 studios/10 one-bedroom units
  • Located in Chicago’s North Shore suburbs – between the major cities of Lake Forest & Highland Park
  • Easily accessible via I-94, IL Route 22, IL Route 131 & U.S. Route 41
  • Amenities include: lobby & reception area, management office, library, mail room, beauty/barber shop, sundry store, wellness/therapy facilities, indoor pool & sauna, industrial kitchen

Attachments

Getting around

  • 76/100

    Walk Score ®

  • 81/100

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Location

  • City Highwood, IL
  • Zip Code 60040
  • Market Chicago

Points of Interest

  • Fort Sheridan

    0.61 miles

  • Highland Park

    2.05 miles

  • Deerfield

    3.44 miles

  • Ravinia

    3.51 miles

  • Ravinia Park

    4.07 miles

  • Lake Bluff

    5.10 miles

  • Great Lakes

    6.90 miles

  • Libertyville

    9.19 miles

  • Libertyville Metra Station

    9.19 miles

  • Indian Hill

    9.25 miles

  • Citgo

    0.23 miles

  • Mobil

    0.61 miles

  • Shell

    1.41 miles

  • BP

    1.85 miles

  • Exxon

    3.48 miles

  • Blink

    3.98 miles

  • volta

    4.19 miles

  • Tesla Supercharger

    6.24 miles

  • ChargePoint

    6.40 miles

  • CDW Charging Station

    6.80 miles

  • Central Park

    1.90 miles

  • Highland Park Metra Station

    2.04 miles

  • Millard Park

    2.75 miles

  • Gorton Center Parking Lot

    3.04 miles

  • Forest Park Beach

    3.07 miles

  • Gorton Center Overflow Lot

    3.10 miles

  • Library Parking

    3.16 miles

  • Ravinia Train Station North parking lot

    3.45 miles

  • Rosewood Beach

    3.68 miles

  • Rosewood Park

    3.84 miles

  • McDonald's

    0.43 miles

  • Disotto

    0.58 miles

  • Froggy's French Cafe

    0.58 miles

  • Alex's Washington Gardens

    0.63 miles

  • Slyce

    0.64 miles

  • Koya

    0.67 miles

  • Ballaro

    0.73 miles

  • 210 Live

    0.75 miles

  • Taco Bell

    1.22 miles

  • Wendy's

    1.22 miles

  • Poeta's Italian Food Mart

    0.31 miles

  • Target

    1.38 miles

  • Sunset Foods

    1.80 miles

  • Jewel-Osco

    2.28 miles

  • Heinen's Fine Foods

    2.52 miles

  • Mariano's Fresh Market

    2.53 miles

  • The Fresh Market

    3.41 miles

  • Whole Foods Market

    3.50 miles

  • Neiman Marcus

    4.09 miles

  • TJ Maxx

    4.11 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Chet Evans

Hilco Real Estate