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    38488 N Sheridan Rd Beach Park, IL 60087

    For Sale
    $405,000

    Mixed Use - Beach Park, IL

    Type:Mixed Use
    Days on Market:
    9
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 38488 N Sheridan Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    04334160100000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1959
    Number of units
    3
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Jeremy Schwab (847) 495-5000 License #475188703

    Listing date Dec 5, 2025

    MLS# 12434852 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Beach Park Mixed-Use Opportunity

    This multi-parcel property in Beach Park presents a commercial opportunity with high visibility. The listing includes five contiguous parcels located at 38498, 38488, and 38482 N. Sheridan Road plus 10051 and 10047 W. Beach Road. The combined properties offer corner frontage on both Sheridan and Beach Roads, providing traffic exposure and commercial potential. Zoned for commercial use, the site is suited for mixed-use development, including retail, restaurant, or office space, and redevelopment projects. Existing structures could be used for owner-occupancy or rental income while development plans are underway. Curb cuts and access points are already in place. The location is in a high-traffic corridor, minutes from Lake Michigan, Illinois Beach State Park, and North Point Marina. This property is suitable for investors, developers, or business owners seeking a sizable footprint in a growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GoodFellas Barber Shop Barber Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beach Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.8262992
    Latitude
    42.4204963

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    FAQs

    What type of property is this?
    Mixed-use property - Multi-parcel commercial site with high visibility and development potential.
    Where is this mixed-use property located?
    The property is located at 38488 N Sheridan Rd Beach Park, IL.
    What is the asking price?
    The asking price for this property is $405,000.
    What are key features of this property?
    This property features: - Prime corner frontage on Sheridan and Beach Roads with high traffic exposure.; - Five contiguous parcels offer a sizable footprint for development.; - Zoned for commercial use with potential for mixed-use development (retail, restaurant, office).
    (847) 495-5000
    Request Owner's contact information
    38488 N Sheridan Rd Beach Park, IL 60087
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    Beach Park, IL 60087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38488 N Sheridan Rd Beach Park, IL 60087
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