2275 Sheridan Road, Zion, IL 60099 - Photo 1

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$550,000

For Sale
Active
Commercial
14,400 Sq. Ft.
Updated 1 day ago

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Property Description

Great opportunity to diversify your portfolio! This multifaceted property allows investors to take advantage of different types of property in a single investment and features four long-term tenants including an established Napa Auto Parts store, two apartments and a multipurpose garage. The current CAP rate is 7.89% with big potential to grow. Perhaps you're looking for a place to start your own small business with living arrangements onsite. The prospects are endless. This listing which includes 2275 and 2271 Sheridan Rd., consists of three parcels and two separate buildings, as well as a 15-car parking lot located adjacent to the building. Call today for more details or to schedule a showing. All information on the tenants, leases and expenses will be attached.

Full Property Details

Full Property Details for 2275 Sheridan Rd

General

Price: $550,000
Taxes: $22,659 (2022)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 11806490
Updated: 12/15/2024
Added to Site: 553 day(s) ago

Additional Information

Security/Safety: Alarm on Site, Fire Extinguisher(s), Partially Sprinklered, Smoke or Fire Protectors, Sprinklers

Location

Area: Zion
County: Lake
Driving Directions: Heading North on Sheridan turn right onto 23rd St.
Location Details: Corner, Public Transport Avail, In City Limits, High Traffic Area

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Central Heat/Individual Controls

Utilities

Trash: 312

Structural Information

Construction: Brick, Block
Stories/Levels: 2
Square Feet: 14,400
Year Built: 1961
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 16,000
Lot Dimensions: 125 x 128
Frontage: City Street
Potential Use: Commercial
Zoning: COMMR

Financial Considerations

Insurance Fee: $4,000
Operating Expenses: $27,276
Security Deposit: Alarm On Site, Fire Extinguisher/s, Partially Sprinklered, Smoke or Fire Protectors, Sprinklers
Assessment Year: 1961
Tax Amount: $22,659
Tax Year: 2022
Tenant Pays: Air Conditioning, Electricity, Heat
Pays Trash: 312

Disclosures and Reports

Property ID: 4221070110000

Listed by HomeSmart Connect LLC

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— 2275 Sheridan Rd —

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Schools

Schools serving 2275 Sheridan Rd

School Districts:Zion Elementary School District 6, Zion-Benton Township Hsd 126

Name	Grades	Distance
East Elementary School, Zion, IL 2913 Elim Ave, Zion, IL 60099	K-6	0.9 mi
Zion Central Middle School 1716 27th St, Zion, IL 60099	7-8	0.7 mi
Zion-Benton Township High School 3901 21st St, Zion, IL 60099	9-12	2.2 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2275 Sheridan Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/09/2024

Price Reduced

$550,000

-4.35%

MLS

7/08/2024

Price Reduced

$575,000

-4.01%

MLS

10/23/2023

Price Reduced

$599,000

-7.85%

MLS

6/12/2023

Listed

$650,000

—

MLS

Get Price Alerts and Save Property

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 2275 Sheridan Rd

Year

Property Taxes

Change

Tax Assessment

Change

2023

$14,491

-3%

$122,045

20%

2022

$15,003

$101,378

2021

$14,712

$95,102

2020

$14,230

—

$89,449

-5%

2019

$14,230

-14%

$94,347

—

2018

$16,590

-1%

$94,346

2017

$16,710

$87,520

10%

2016

$15,863

$79,448

10%

2015

$15,467

-1%

$72,088

—

2014

$15,622

$72,088

-2%

2013

$15,306

15%

$73,667

-6%

2012

$13,341

—

$78,452

—

View All

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 2275 Sheridan Rd

2275 Sheridan Road, Zion, IL 60099 (MLS# 11806490) is a Commercial property. 2275 Sheridan Road is currently listed for $550,000 and was received on June 12, 2023. Want to learn more about 2275 Sheridan Road? Do you have questions about finding other Commercial real estate for sale in Zion? You can browse all Zion real estate or contact a Coldwell Banker agent to request more information.

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2275 Sheridan Rd Zion, IL 60099