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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 

Hilco Real Estate Sales Lists Hotel-Turned-Residential Along North Shore

Hilco Real Estate Sales announced August 14 as the bid deadline for the sale of 700 on Sheridan in Highwood, IL, a former hotel turned housing facility along Chicago’s North Shore. Built in 1971, the 71,580-square-foot, five-story building at 700 Sheridan Rd. was originally constructed as a Ramada Inn.

Over the years, the property has undergone extensive renovations. The current facility consists of 105 units: 95 studio apartments averaging 316 square feet and 10 one-bedroom units ranging from 632 to 720 square feet. Also included is a recently constructed 20,000-square-foot commercial space that’s appropriate for a variety of uses including grocery operations, dining or banquet hall for hosting events and conferences.

Hilco Real Estate VP Chet Evans said, “With its vast array of amenities and ideal location next to North Shore’s finest boutique shops, fine dining, country clubs and nature preserves, 700 on Sheridan presents an opportunity for residents and guests alike to thrive and enjoy a high standard of living in this all-inclusive site.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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