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    Property profile

    39197 N Sheridan Rd Beach Park, IL 60099

    FOR SALE
    Commercial land
    Property ID
    US28-1638751
    1,734 SF 8.04 ac lot Built 1900
    Individually Owned 2-yr Hold ~ Est. High Equity
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    39197 N Sheridan Rd, Beach Park, IL 60099 For Sale 1 / 4
    Contact for pricing 1,734 SF
    39197 N Sheridan Rd, Beach Park, IL 60099
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    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

    Current use

    Occupant on record · Public records
    • Restaurant
    1 occupant on record

    Location

    39197 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
    $340k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $310k

    Owner & transaction history

    since 2024
    7 recorded transactions
    2024
    Price N/A
    2020
    Price N/A
    2020
    Price N/A
    2009
    $650,000
    2006
    Price N/A
    2005
    $455,000
    2005
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
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    • Value Estimation
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    • Value Estimation
      $8,305,000
      0.40 Acres
      3457 Sheridan Rd
      VACANT COMMERCIAL LAND
      3457 Sheridan Rd, Zion, IL 60099-4338
      View Details
    • Value Estimation
      $285,000
      0.20 Acres
      3075 Sheridan Rd
      VACANT COMMERCIAL LAND
      3075 Sheridan Rd, Zion, IL 60099-3243
      View Details
    • Value Estimation
      $160,000
      0.13 Acres
      1819 Lewis Ave
      VACANT COMMERCIAL LAND
      1819 Lewis Ave, Zion, IL 60099
      View Details
    • Value Estimation
      $235,000
      0.16 Acres
      38860 Sheridan Rd
      VACANT COMMERCIAL LAND
      38860 Sheridan Rd, Beach Park, IL 60099-3885
      View Details

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