38488 N Sheridan Road, Beach Park, IL 60087 - Photo 1

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$395,000 -$10,000 (-2.47%) Price Reduced

For Sale
Active
Commercial
Updated 13 hours ago

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Property Description

Incredible multi-parcel opportunity in high-visibility Beach Park location! This listing includes five contiguous parcels: 38498, 38488, and 38482 N. Sheridan Road plus 10051 and 10047 W. Beach Road. Combined, these properties offer prime corner frontage on both Sheridan and Beach Roads, with excellent traffic exposure and flexible commercial potential. Zoned for commercial use with potential for mixed-use development, this site is ideal for retail, restaurant, office space, or a redevelopment project. Existing structures may be used for owner-occupant or rental income while plans are developed. Curb cuts and access points in place. High-traffic corridor just minutes from Lake Michigan, Illinois Beach State Park, and North Point Marina. An outstanding opportunity for investors, developers, or business owners looking to secure a sizable footprint in a growing community. Reach out for zoning, survey, and development possibilities.

Full Property Details

Full Property Details for 38488 N Sheridan Rd

General

Price: $395,000
Taxes: $11,339 (2024)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12434852
Updated: 2/17/2026
Added to Site: 202 day(s) ago

Additional Information

Security/Safety: Alarm on Site

Location

Area: Beach Park
County: Lake
Driving Directions: Sheridan and Beach rd. in Beach Park IL
Location Details: North Suburban

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Central Heat/Individual Controls

Structural Information

Stories/Levels: 1
# of Stores: 1
Year Built: 1959
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 35,000
Lot Dimensions: 200 x 250
Zoning: COMMR

Financial Considerations

Insurance Fee: $2,500
Security Deposit: Alarm On Site
Assessment Year: 1959
Tax Amount: $11,339
Tax Year: 2024

Disclosures and Reports

Property ID: 4334160100000

Listed by HomeSmart Connect LLC

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Schools

Schools serving 38488 N Sheridan Rd

School Districts:Zion-Benton Township High School District 126, Beach Park Community Consolidated School District 3

Name	Grades	Distance
Howe Elementary School, Beach Park, IL 10271 West Beach Road, Beach Park, IL 60087	K-5	0.3 mi
Beach Park Middle School 40667 North Green Bay Road, Beach Park, IL 60099	6-8	3.4 mi
Zion-Benton Twnshp Hi School 3901 21st Street, Zion, IL 60099	9-12	3.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 38488 N Sheridan Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/17/2026

Price Reduced

$395,000

-2.47%

MLS

12/05/2025

Price Reduced

$405,000

-18.84%

MLS

7/31/2025

Listed

$499,000

3226.67%

MLS

4/01/2025

Sold

$15,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 38488 N Sheridan Rd

Year

Property Taxes

Change

Tax Assessment

Change

2024

$4,863

$47,149

2023

$4,817

-3%

$45,515

2022

$4,976

$44,557

2021

$4,896

—

$43,423

2020

$4,893

—

$41,438

2019

$4,896

-3%

$39,315

2018

$5,040

$38,673

2017

$4,988

$36,381

2016

$4,882

$34,636

2015

$4,783

$31,764

—

2014

$4,696

$31,764

—

2013

$4,428

$31,764

-13%

2012

$4,404

—

$36,445

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 38488 N Sheridan Rd

38488 N Sheridan Road, Beach Park, IL 60087 (MLS# 12434852) is a Commercial property. 38488 N Sheridan Road is currently listed for $395,000 and was received on July 31, 2025. Want to learn more about 38488 N Sheridan Road? Do you have questions about finding other Commercial real estate for sale in Beach Park? You can browse all Beach Park real estate or contact a Coldwell Banker agent to request more information.

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38488 N Sheridan Rd Beach Park, IL 60087