1919 Sherman Ave - Schools FOR SALE


North Chicago, IL 60064
$1,000,000 USD
630-201-4130
1919 Sherman Ave, North Chicago, IL for Sale
$1,000,000 USD
Schools - FOR SALE
1/18
null | Request Cap Rate

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1919 Sherman Ave
North Chicago, IL 60064


OVERVIEW

FOR SALE: 23,216 SQ FT TURNKEY COMMERCIAL FACILITY – ENDLESS POTENTIAL USES?? Ideal for Group Home, Transitional Living, Vocational School, or Care Facility Unlock the potential of this expansive 23,216 sq ft commercial property (R3 Zoning) situated on .75 acres with 40 dedicated parking spaces. This multi-purpose facility offers two full floors of thoughtfully designed space, tailored to accommodate a wide range of uses including for-profit and non-profit group residential living, nursing center, vocational or transitional housing programs, and more. ?? First Floor – 12,714 SQ FT Gym / Recreation Room with 22-ft Ceilings for wellness, physical therapy, or group activities Fully Equipped Commercial Kitchen: Triple basin sink, range hood, grease interceptor Multiple Bathrooms: Two hallway bathrooms with 3 stalls each Three private half baths Office Space & Specialized Rooms: Dedicated Salon / Training Room with 3 plumbed sinks Multiple private offices, laundry, and mechanical rooms ?? Second Floor – 10,411 SQ FT 10 Bedrooms / 9 Bathrooms / 24 Closets – perfect for transitional living or staff housing Common Kitchen with stove, hood, and sink 2 Staff Rooms & Multiple Utility Rooms Includes slop sink and furnace rooms Equipped with 7 Furnaces for zoned comfort and climate control ?? Property Features Roof replaced in 2022 Fire safety sprinkler system throughout Ample plumbing and HVAC infrastructure for institutional or residential use Clean, well-maintained and move-in ready This property presents a rare opportunity for investors, mission-driven organizations, or developers to repurpose a versatile facility with significant square footage, ideal infrastructure, and convenient parking.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

North Chicago Special Use Investment

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

R-3

APN/PARCEL ID

12-05-106-042

ASK ABOUT THIS PROPERTY

Rudy JohnsonKothe/Johnson Collaborative KW InspireMore Info
630-201-4130

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Rudy JohnsonKothe/Johnson Collaborative KW InspireMore Info
630-201-4130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.