39197 N Sheridan Rd, Beach Park, IL 60099

Listing office BRIAN COLEMAN & ASSOCIATES, INC.

Listing date Dec 17, 2022

Source Crexi

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Overview

This property, located in a Tiff District, presents an ideal opportunity for multi-family development, including senior housing, assisted living, apartments, townhomes, duplexes, or a hotel/motel. A site concept plan suggests a combined use with a professional/medical office building and senior housing. The Village of Beach Park is open to re-zoning to accommodate various uses, with the possibility of constructing a 4 to 6 story building offering unobstructed views of Lake Michigan. Currently zoned R-3b, the property features 99 feet of Sheridan Road access, situated next to a CVS Pharmacy. Additional access onto Wadsworth Road may be possible with IDNR permission. Located in both the Sheridan Road Overlay District and the Village's Tiff District, the property is separated from Lake Michigan only by the Illinois Beach State Park, making it a great location ready for development.

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Big Box & Wholesale Store Accounting Firm

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

Location Insight

• Map
• Local Demand

City

Beach Park

County

Lake

State

Illinois

Longitude

-87.8227757

Latitude

42.4306561

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FAQs

What type of property is this?

Commercial land - Land in Tiff District, ideal for multi-family development.

Where is this commercial land located?

The property is located at 39197 N Sheridan Rd Beach Park, IL.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Located in a Tiff District, offering potential financial incentives.; Ideal for multi‑family development or hotel/motel.; Village is open to re‑zoning, potentially allowing for 4‑6 story buildings.