2,040 SF Free Standing Brick Retail Building built in 1959 with 12+ parking spaces and Full Basement on Well Traveled Sheridan Rd in Winthrop Harbor. Two units: Unit 1 with 1,224 SF currently occupied by owner for operating insurance brokerage business and wishes to lease back from buyer for $1,600 a month plus gas and electricity until 2/28/2025. Unit 2 with 816 SF currently leased to hair salon operator for $900 a month plus gas and electricity. The .282 acre corner lot has ingress and egress from both Sheridan Road and 12th Street. B-1 Zoning permits a wide range of retail uses and the list can be found under "Additional Info". 9.2% CAP rate at full asking price.
Winthrop Harbor is located in Illinois. Winthrop Harbor, Illinois has a population of 6,807. Winthrop Harbor is less family-centric than the surrounding county with 22.33% of the households containing married families with children. The county average for households married with children is 38.63%.
The median household income in Winthrop Harbor, Illinois is $83,700. The median household income for the surrounding county is $82,613 compared to the national median of $57,652. The median age of people living in Winthrop Harbor is 42.9 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 36.2 inches per year, with 39.5 inches of snow per year.