Advertise
    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
    Saved · see the list in your Dashboard
    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
    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

    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
      $90,000
      0.91 Acres
      3021 31st St
      VACANT COMMERCIAL LAND
      3021 31st St, Zion, IL 60099
      View Details
    • Value Estimation
      $290,000
      0.30 Acres
      2627 Emmaus Ave
      VACANT COMMERCIAL LAND
      2627 Emmaus Ave, Zion, IL 60099-2556
      View Details
    • Value Estimation
      $295,000
      1.68 Acres
      42469 Grn Bay Rd
      VACANT COMMERCIAL LAND
      42469 Grn Bay Rd, Zion, IL 60099
      View Details
    • Value Estimation
      $280,000
      0.19 Acres
      2215 Hebron Ave
      VACANT COMMERCIAL LAND
      2215 Hebron Ave, Zion, IL 60099
      View Details
    • Value Estimation
      $280,000
      0.54 Acres
      14945 Russell Rd
      VACANT COMMERCIAL LAND
      14945 Russell Rd, Zion, IL 60099-9233
      View Details
    • Value Estimation
      $85,000
      0.08 Acres
      2417 Sheridan Rd
      VACANT COMMERCIAL LAND
      2417 Sheridan Rd, Zion, IL 60099-2371
      View Details

    Similar Nearby for Sale

    • New
      $34,900
      0.19 Acres
      Zion, IL Land For Sale
      Commercial land available for purchase in Zion, Illinois.
      3108 Ezekiel Avenue, Zion, IL 60099
      View Details
    • New
      Contact for pricing
      0.24 Acres
      Commercial Land in Prime Location
      0.24 acre land in high-traffic commercial development area.
      2417 N Sheridan Rd, Zion, IL 60099
      View Details
    • New
      Contact for pricing
      Beach Park Development Opportunity
      Land in Tiff District, ideal for multi-family development.
      39197 N Sheridan Rd, Beach Park, IL 60099
      View Details
    • New
      Contact for pricing
      0.50 Acres
      Commercial Lot on Sheridan Road
      Almost half-acre commercial lot with high traffic exposure.
      38842 N Sheridan Rd, Beach Park, IL 60099
      View Details
    • Contact for pricing
      17.00 Acres
      Zion Incomplete Subdivision Opportunity
      Incomplete subdivision with infrastructure and ten completed residential units.
      2000 Liberty Ln, Zion, IL 60099
      View Details
    • Contact for pricing
      Vacant Residential Land Parcel
      Vacant land parcel offered for sale at 3005 Gilead Avenue in Zion, IL.
      3005 Gilead Avenue, Zion, IL 60099
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing
      Commercial Land Under Development
      Planned retail development offering flexible commercial space with central air and on-site parking.
      2001 Sheridan Road, Zion, IL 60099
      View Details
    • Contact for pricing
      55,276 sqft
      Flex Space with Exterior Docks
      Flex space with exterior docks, an on-site office, and expandable parking, plus land for expansion and outdoor storage.
      3300 16th St, Zion, IL 60099
      View Details
    • Contact for pricing
      Retail Space in Zion, IL
      Retail space near Illinois Beach State Park and Zion Town Center.
      3242 Sheridan Rd, Zion, IL 60099
      View Details
    • Contact for pricing
      7,606 sqft
      Retail, Medical, and Office Space
      Retail, medical, and office spaces available for lease.
      2723 Sheridan Road, Zion, IL 60099
      View Details
    • New
      Contact for pricing
      Retail Space with Central Air
      Flexible retail configurations are available along Sheridan Road in Zion’s business district.
      2200 Sheridan Road, Zion, IL 60099
      View Details
    • Contact for pricing
      5,031 sqft
      Retail/Office Corner Storefront
      Corner retail or office space is available with strong visibility and onsite parking exceeding 40 spaces.
      3242 Sheridan Rd, Zion, IL 60099
      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
    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?”
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    39197 N Sheridan Rd, Beach Park, IL, 60099
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!