38842 N Sheridan Rd, Beach Park, IL 60099
For Sale
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.
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.