Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Commercial real estate

    38652 N Sheridan Rd, Beach Park, IL 60099

    3,240 SF 0.54 ac lot
    Trust Owned 17-yr Hold Free & Clear
    Property ID
    US28-1709804
    Property summary
    AI-generated overview

    This exceptional Beach Park, IL business opportunity presents a fully equipped 4,335 square foot bar and restaurant situated on a 26,136 square foot lot (APN 0433200022). Currently operating as a successful tavern with gaming, the property includes a fully functional kitchen and a dining room ready for activation. Additional features include a spacious basement for storage, a draft beer system, an outdoor deck, ample parking, and a separate storage garage. The property is zoned B1 and benefits from a high-traffic location with approximately 17,000 vehicles passing daily. The surrounding area boasts a young demographic (average age 34.6 years) and a population nearing 90,000, with an average household income exceeding $80,000 annually. This presents a compelling investment opportunity at an asking price of $649,000 ($149.71/sq ft). The single-story building is located at 38652 N Sheridan Rd, Beach Park, IL 60099. This turnkey operation is ready for a new owner to capitalize on its existing success and expand its potential. The property's strong location and existing infrastructure make it an ideal investment for experienced restaurateurs or entrepreneurs looking to enter the thriving Lake County market.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 3,240 SF
    Lot 0.54 ac (23,522 SF)
    APN 04-33-200-022
    UPID US28-1709804
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hickory House Lounge Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $385k
    CAP Approach CAP
    $515k
    Comparable Approach Comparable
    $494k
    Blend (final) Blend
    $520k
    Owner & transaction history
    Walker Myra A Living Trust · 17 yrs held
    Walker Myra A Living Trust
    since 2008
    3 recorded transactions
    2019
    2008
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $565,000 +46.0%
    Office building $390,000 +1.1%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message