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    38842 Sheridan Rd Beach Park, IL 60099

    Sponsored
    For Sale
    $55,000

    High-traffic, 0.5-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.5-acre commercial land parcel, located at 38842 N Sheridan Road in Beach Park, Illinois (zip code 60099), presents a compelling investment opportunity. The property, identified by APN 04332080015, is zoned B-1, allowing for a variety of commercial uses. Its prime location boasts excellent visibility and exposure to a high volume of daily traffic, exceeding 17,000 vehicles. This translates to significant potential for businesses seeking high foot traffic and brand visibility. The land's size offers ample space for development, making it suitable for a range of commercial ventures. Situated in Lake County, Illinois, this property benefits from convenient access to major transportation routes and a thriving local community. The asking price is $55,000, representing a strong value proposition for investors seeking a strategic entry point into the vibrant Beach Park commercial market. Serious inquiries are encouraged to explore the development potential of this exceptional property. The property's latitude and longitude coordinates are 42.42587 and -87.826111 respectively.

    Property Features for 38842 Sheridan Rd

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • 0.5‑acre commercial land parcel in Beach Park, IL (60099), APN 04332080015.
    • B‑1 zoning allows for diverse commercial uses.
    • High‑traffic location (over 17,000 vehicles daily) offers excellent visibility.
    • Ample space for various commercial developments.
    • Asking price: $55,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Beach Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.826111
    Latitude
    42.42587

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    FAQs

    What type of property is this?
    Land - High-traffic, 0.5-acre commercial lot.
    Where is this land located?
    The property is located at 38842 Sheridan Rd Beach Park, IL.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 0.5-acre commercial land parcel in Beach Park, IL (60099), APN 04332080015.; B-1 zoning allows for diverse commercial uses.; High-traffic location (over 17,000 vehicles daily) offers excellent visibility.
    Request Owner's contact information
    38842 Sheridan Rd Beach Park, IL 60099
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    Beach Park, IL 60099
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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
    38842 Sheridan Rd Beach Park, IL 60099
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