Property profile

38842 N Sheridan Rd Beach Park, IL 60099

FOR SALE
Commercial land
Property ID
US28-5661949
0.14 ac lot
Individually Owned 4-yr Hold Free & Clear
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38842 N Sheridan Rd, Beach Park, IL 60099 For Sale
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38842 N Sheridan Rd, Beach Park, IL 60099
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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

Location

38842 N Sheridan Rd Beach Park, IL 60099
Beach Park metro Census 860600 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2021
Last sale
$220,000
3 recorded transactions
2021
Price N/A
2007
$220,000
2006
$150,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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