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.
BUILD YOUR DREAM HOME IN ONE OF THE HARBORS GREATEST NEW AREAS!! OWNER WILL CONSIDER ALL GOOD FAITH OFFERS
Winthrop Harbor is located in Illinois. Winthrop Harbor, Illinois has a population of 6,728. Winthrop Harbor is less family-centric than the surrounding county with 23.76% of the households containing married families with children. The county average for households married with children is 36.27%.
The median household income in Winthrop Harbor, Illinois is $85,536. The median household income for the surrounding county is $97,127 compared to the national median of $69,021. The median age of people living in Winthrop Harbor is 51.3 years.
The average high temperature in July is 80.3 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 35.7 inches per year, with 40.2 inches of snow per year.