Beach Park Development
For Sale
Contact for pricing
Pending
39197 N Sheridan Rd, Beach Park, IL 60099
Land in Tiff District, ideal for multi-family development.
Property SizeContact for details
Days on Market1342
Property Features for 39197 N Sheridan Rd
General Information
Standard status
Pending
Property subtype
Land
Zoning
R-3B
Listing Agency:
BRIAN COLEMAN & ASSOCIATES, INC.
(847) 322-3566
Listed By:
Brian Coleman · License #IL
Source:
Crexi
Added: Dec 17, 2022
Changed: Aug 17
Last Checked: Aug 19 at 5:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRIAN COLEMAN & ASSOCIATES, INC.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 60099, IL
31,579
Population
12,085
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
86%
High-School Grad
22.6 sq mi
ZIP Area
1,397
Density / Sq Mi
$65,647
Median Household Income
$36,541
Median Earnings
$1,131
Median Rent
$190,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
