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$317,500
5,000
square ft

1700 7th Street
Winthrop Harbor, Illinois 60096

Closed / MLS #12299162 / Commercial / Mixed Use / Winthrop Harbor
Listing information updated 5/23/2025 at 5:03pm
100% LEASED INVESTMENT PROPERTY WITH GROUND FLOOR RETAIL SPACE WITH FOUR (1 BEDROOM, 1 BATHROOM) APARTMENTS UPSTAIRS. 5,000 SF building with a full basement and a history of high occupancy. Just one block east of Sheridan Rd on the only road to North Point Marina. 10% CAP rate at full asking price using actual 2024 operating income and expenses. Retail store (The Sweet Stop) pays rent and utilities while the separately metered all electric apartment bills are paid by the tenants. Building very well maintained with new blacktop to rear parking lot in 2019, replaced iron steps to rear second floor building entrance in 2021 and west wall brick corner replaced in 2023 and tuckpointed. Membrane roof about 11 - 12 years old and inspected last Fall. Large municipal parking lot just east of the property and there is additional street parking. Priced right for the savvy investor.
Built:
1920
Cooling System:
Wall Sleeve
Stories:
2
Zoning:
COMMR
Building Square Feet:
5,000
Current Net Income:
$29,965
Tax Amount:
$7,502
Tax Year:
2023
Zip Code:
60096
City:
Winthrop Harbor
County:
Lake

Listing Office: RE/MAX Plaza

Listing Office Phone: 847.596.6100

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 5/23/2025 at 5:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Winthrop Harbor

Winthrop Harbor, IL

Situated along the shores of Lake Michigan, Winthrop Harbor is a small community with a big marina. In fact, its North Point Marina is the largest on the Great Lakes, bringing nearly a million visitors to the area each year. Located near the Illinois border, residents enjoy a wealth of recreational...

Metra

Metra
Union Pacific North line at Winthrop Harbor Metra
$271,684
Average Sale Price
39
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1700 7th Street, Winthrop Harbor, IL 60096
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1700 7th Street, Winthrop Harbor, IL 60096 is a commercial / mixed use which sold for $317,500. This commercial / mixed use has been listed on @properties Christie's International Real Estate since February 27th, 2025 and was built in 1920. The nearest transit stops include Winthrop Harbor Metra Metra Union Pacific North line.

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