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 land

    38842 N Sheridan Rd, Beach Park, IL 60099

    0.14 ac lot
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US28-5661949
    38842 N Sheridan Rd, Beach Park, IL 60099 For Sale
    $55,000
    38842 N Sheridan Rd, Beach Park, IL 60099
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 0.5-acre commercial land parcel, located at 38842 N Sheridan Road in Beach Park, Illinois (zip code 60099), presents a compelling investment opportunity. The property, identified by APN 04332080015, is zoned B-1, allowing for a variety of commercial uses. Its prime location boasts excellent visibility and exposure to a high volume of daily traffic, exceeding 17,000 vehicles. This translates to significant potential for businesses seeking high foot traffic and brand visibility. The land's size offers ample space for development, making it suitable for a range of commercial ventures. Situated in Lake County, Illinois, this property benefits from convenient access to major transportation routes and a thriving local community. The asking price is $55,000, representing a strong value proposition for investors seeking a strategic entry point into the vibrant Beach Park commercial market. Serious inquiries are encouraged to explore the development potential of this exceptional property. The property's latitude and longitude coordinates are 42.42587 and -87.826111 respectively.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.14 ac (6,251 SF)
    APN 04-33-208-017
    UPID US28-5661949
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jim Lee · 4 yrs held
    Jim Lee
    since 2021
    Last sale
    $220,000
    3 recorded transactions
    2021
    2007
    $220,000
    2006
    $150,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    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