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Property profile & analytics
FOR SALE
Commercial land
39197 N Sheridan Rd, Beach Park, IL 60099
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-1638751
For Sale
1 / 4
$349,000
39197 N Sheridan Rd, Beach Park, IL 60099
View Listing →
Property summary
AI-generated overview
This 8.07-acre commercial and residential land parcel in Beach Park, Illinois, presents a remarkable development opportunity. Located at 39197 N Sheridan Rd, 60099, this property boasts 99 feet of frontage on Sheridan Road, adjacent to a CVS Pharmacy. Currently zoned R-3B, the Village of Beach Park is receptive to rezoning proposals to accommodate various uses. A site concept plan illustrates the potential for a combined senior housing and professional/medical office building. The property's location within both the Sheridan Road Overlay District and the Village's Tax Increment Financing (TIF) District offers significant advantages. With unobstructed Lake Michigan views, a 4-6 story building is feasible. Additional access to Wadsworth Road is possible pending Illinois Department of Natural Resources (IDNR) approval. The property's proximity to Illinois Beach State Park further enhances its desirability. This is an exceptional chance to create a high-impact development in a highly sought-after location. The asking price is $349,000.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Total area
1,734 SF
Lot
8.04 ac (350,222 SF)
APN
04-27-300-012
UPID
US28-1638751
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
Current use
Occupant on record · Public records
-
Longfellow Restaurant
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
People Of The State Of Illinois · 1 yrs held
People Of The State Of Illinois
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Beach Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beach Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,688
Tax year 2023
Assessed value
$138,536
Assessed 2023
Previous assessed
$135,620
+2.2% YoY
Effective rate
10.60%
On assessed value
Assessed land
$138,536
Land market value
$415,650
Total market value
$415,650
Applied tax rate
1,054.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1900
Heating
NONE
Stories
2
Bathrooms
2
Total area
1,734 SF
Lot
8.04 ac (350,222 SF)
APN
04-27-300-012
UPID
US28-1638751
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
2
Bathrooms
2
Lot
8.04 ac
Current owner
From public records · entity-resolved
People Of The State Of Illinois
Individual
Mailing address
2675 LAS LUNAS ST, PASADENA, CA 91107-2627
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
—
People Of The State Of Illinois
Alejandro R Capiro
Deed
—
Nov 18, 2020
—
Capiro,alejandro R Trust
Survivors Capiro Trust
Quit Claim Deed
related
—
Sep 2, 2020
—
Capiro Survivors Trust
Capiro Living Trust
Quit Claim Deed
related
—
Sep 17, 2009
$650,000
Highland Park Cvs LLC
Taylor Russell L Trust
Grant Deed
—
Oct 30, 2006
—
Capiro Living Trust
Capiro,alejandro R & Katherine L
Quit Claim Deed
related
—
Sep 1, 2005
$455,000
Percy & Black Investments INC
Trust 3755
Grant Deed
—
Aug 12, 2005
—
Alejandro R Capiro
Percy & Black Investments INC
Grant Deed
—
Apr 5, 1999
—
Nicholas P Katris
Paxton,r R
Grant Deed
related
—
—
—
Nicholas P Katris
—
Deed Of Trust
related
$60,000 · Ley Wesley J Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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