38488 N Sheridan Rd

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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....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.
  1. Listed by Jeremy Schwab • HomeSmart Connect LLC
    P: (847)-495-5000 C: (847)-980-1624 jeremyschwab1@gmail.com

Property Details for 38488 North Sheridan Road

Area
Beach Park
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 01/25/2026 12:07 AM

Property Details for 38488 North Sheridan Road

StatusActive
MLS #12434852
Days on Market196
Taxes$11,339 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1959
Lot Size0.80 AC / 35,000 SF
CountyLake County

Location

Listing Courtesy of HomeSmart Connect LLC
Add your commute

Building Information for 38488 North Sheridan Road

Stories1Residences3Year Built1959Lot Size0.80 AC / 35,000 SF

Payment Calculator

$2,919 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,974

Property Taxes

$945

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 38488 North Sheridan Road

General Information
Location and General Information
  • Geographic Locale: North Suburban
  • Information: Standard
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 0 to 100 Amps
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 200x250
  • Lot Size Square Feet: 35000.0
  • Stories: 1
  • Fire Protection: Alarm On Site
  • # Of Offices: 3
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 14
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $2,500.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 38488 North Sheridan Road

DateEvent & SourcePriceAppreciation
Jan 19, 2026

Price Change

MRED #12434852

$405,000
Jan 19, 2026

Price Change

MRED #12434852

$499,000
Dec 5, 2025

Price Change

MRED #12434852

$405,000
Jul 31, 2025

Listed (Active)

MRED #12434852

$499,000
DateEvent & SourcePrice
01/19/2026

Price Change

MRED #12434852

$405,000
01/19/2026

Price Change

MRED #12434852

$499,000
12/05/2025

Price Change

MRED #12434852

$405,000
07/31/2025

Listed (Active)

MRED #12434852

$499,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 38488 North Sheridan Road

Taxable ValueLand$12,753Additions$34,396Total$47,149
Tax Record2024$4,863 ($405 / month)
Home Facts
Total Finished SqFt2,000 SqFtAbove Grade Finished SqFt2,000 SqFtLot Size6,250 SqFtStyleMiscellaneousYear Built1959CountyLAKEAPN04-33-416-010

Schools near 38488 North Sheridan Road

This home is within Beach Park Central Consolidated School District 3.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Howe Elementary School
PublicK to 5

Beach Park Middle School
Public6 to 8

Zion-Benton Twnshp Hi School
Public9 to 12

New Tech High - Zion-Benton East
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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38488 North Sheridan Road is a mixed use property for sale in Beach Park, IL 60087. This property was listed for sale on July 31, 2025 by HomeSmart Connect LLC, it's currently listed at $405,000. This listing's school districts are Beach Park Central Consolidated School District 3, Zion-Benton Twp Hsd 126 School District. Nearby schools include Howe Elementary School, Beach Park Middle School and Zion-Benton Twnshp Hi School. 38488 North Sheridan Road is a 0-bed, 0-bath, mixed use property built in 1959.

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Listing Courtesy of HomeSmart Connect LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/25/2026 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.