This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/37
$1,390,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/37
Property Description
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.
Full Property Details
Full Property Details for 742 Sheridan Rd
General
- Price: $1,390,000
- Taxes: $22,019 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12771320
- Updated: 10/8/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Retail
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: Highwood
- County: Lake
- Township: Moraine
- Driving Directions: On the West side of Sheridan Rd between Old Elm, and Half Day Road. Just south of Ft. Sheridan entrance
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 1
- Square Feet: 6,400
- Year Built: 2002
Lot Features
- Lot Size (Sq. Ft.): 17,860
- Lot Dimensions: 151 x 119
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored
- Assessment Year: 2002
- Tax Amount: $22,019
- Tax Year: 2023
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 16104020380000
Listed by @properties Christie's International Real Estate and @properties Commercial
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 742 Sheridan Rd
School Districts:North Shore School District 112, Township High School District 113
| Name | Grades | Distance |
|---|---|---|
Wayne Thomas Elementary School 2939 Summit Avenue, Highland Park, IL 60035 | K-5 | 0.6 mi |
Northwood Jr High School 945 North Avenue, Highland Park, IL 60035 | 6-8 | 0.6 mi |
Highland Park High School 433 Vine Avenue, Highland Park, IL 60035 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 742 Sheridan Rd
Date
Details
Price
Change
Source
10/06/2026
Listed
$1,390,000
117.19%
MLS
11/02/2017
Sold
$640,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 742 Sheridan Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$23,457
7%
$306,172
6%
2024
$22,020
26%
$288,651
11%
2023
$17,483
8%
$260,187
29%
2022
$16,196
2%
$200,986
3%
2021
$15,819
—
$194,283
—
2020
$15,872
—
$194,283
-14%
2019
$15,872
-3%
$227,090
-29%
2018
$16,423
-32%
$321,987
1%
2017
$24,217
4%
$320,130
5%
2016
$23,293
2%
$304,770
8%
2015
$22,797
16%
$283,164
—
2014
$19,688
2%
$283,164
18%
2013
$19,257
-14%
$240,241
-18%
2012
$22,420
—
$294,183
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 742 Sheridan Rd
742 Sheridan Road, Highwood, IL 60040 (MLS# 12771320) is a Commercial property. 742 Sheridan Road is currently listed for $1,390,000 and was received on October 06, 2026. Want to learn more about 742 Sheridan Road? Do you have questions about finding other Commercial real estate for sale in Highwood? You can browse all Highwood real estate or contact a Coldwell Banker agent to request more information.

