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Financial
Distress signals
Property profile

38652 N Sheridan Rd Beach Park, IL 60099

FOR SALE
Commercial real estate
Property ID
US28-1709804
3,240 SF 0.54 ac lot
Last sale Jul 2008
Trust Owned Owner of record is a trust. 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$153k
Assessed land$30k
Assessed improvement$123k
Effective rate10.58%

Value estimate

· Oct 2026
$520k
$468k – $572k
AI approach$385k
CAP approach$515k
Submarket $/SF estimate$494k
NOI build-up
Gross scheduled income$109k
Vacancy & credit loss−$3k
Operating expenses−$27k
NOI · 12.30% cap applied$80k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$120/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$79 – $152
Qualifying comparables9

Cap rate analysis

How does the asset earn?
12.30%
$80k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.2
Dental Office13.0
Realty agency13.0

Location

38652 N Sheridan Rd Beach Park, IL 60099
County assessor Recorded deeds · 3 transfers 9 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
38835 Sheridan, Beach Park, IL 60099-3848 $200,000 Aug 2024 3,200 SF
38834 Sheridan, Beach Park, IL 60099-3890 $270,000 Jul 2023 2,116 SF
10128 Crissy, Beach Park, IL 60099-3977 $420,000 Oct 2022 3,248 SF
11411 Wadsworth, Beach Park, IL 60099-3300 $250,000 Nov 2021 2,322 SF
38594 Sheridan, Beach Park, IL 60099-3936 $530,000 Apr 2021 4,800 SF
38790 Sheridan, Beach Park, IL 60099-3939 $235,000 Oct 2018 2,647 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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