38652 N Sheridan Rd, Beach Park, IL 60099
For Sale
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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.
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Hickory House Lounge Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.