39197 Sheridan Rd Beach Park, IL 60099
- Commercial land
- 1,734 SF
- 8.04 lot acres
Current Use by Public Records
- Longfellow / Jamaican Restaurant
Property Details for 39197 Sheridan Rd
- Year built
- 1900
- Lot size
- 8.04 lot acres
- Property size
- 1,734 SF
- Property type
- Commercial land
- APN
- 04-27-300-012
- APU
- 427300012
Description
This 8.07-acre commercial and residential land parcel in Beach Park, Illinois, presents a remarkable development opportunity. Located at 39197 N Sheridan Rd, 60099, this property boasts 99 feet of frontage on Sheridan Road, adjacent to a CVS Pharmacy. Currently zoned R-3B, the Village of Beach Park is receptive to rezoning proposals to accommodate various uses. A site concept plan illustrates the potential for a combined senior housing and professional/medical office building. The property's location within both the Sheridan Road Overlay District and the Village's Tax Increment Financing (TIF) District offers significant advantages. With unobstructed Lake Michigan views, a 4-6 story building is feasible. Additional access to Wadsworth Road is possible pending Illinois Department of Natural Resources (IDNR) approval. The property's proximity to Illinois Beach State Park further enhances its desirability. This is an exceptional chance to create a high-impact development in a highly sought-after location. The asking price is $349,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Beach Park
- County
- Lake
- State
- Illinois
- Longitude
- -87.8228
- Latitude
- 42.4307
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
