Interra Realty has been exclusively engaged to market for sale 10 N. Sheridan Road, a 71-unit mixed-use property comprised of 69 apartment units and two ground-floor retail spaces, located in downtown Waukegan directly across from the Metra station and steps from Lake Michigan.

Ownership recently completed the buildout of 33 apartment units demonstrating a premium as high as $200/unit on newly renovated units. Ownership also renovated both retail spaces that were previously offline or in shell condition, transforming the property into a fully operational mixed-use asset. Additional capital improvements include modernization of both elevators, extensive masonry restoration and renovations to the lobby and common hallways. With these improvements complete, the property is in the final stages of lease-up.

10 N. Sheridan offers immediate in-place cash flow with additional upside through capturing loss-to-lease on recently delivered units, implementing operational efficiencies and adding tenant amenities over time.