Commercially Zoned Single-Family
For Sale
$499,900
140 E Acre Court, Round Lake Beach, IL 60073
Commercial Sale, Round Lake Beach, IL
Property Size1,834 SF
Lot Size0.89 Acres
Price / SF$272.57
Days on Market95
Property Features for 140 E Acre Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Fireplace
1
Directions
Rte. 83, N2 Rollins, W2 Orchard, N2 Acre, W2 Home on right
Subdivision
Round Lake Beach / Round Lake / Round Lake Heights / Round Lake Park
Standard status
Active
APN
06161000150000
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7162
Utilities
Cooling system
Central Air
Amenities
fireplace
open kitchen
first floor primary bedroom
dining area
storage sheds
partial fencing
2-car garage
deck
walkout basement
Building Details
Year built
1947
Floors in Building
2
Number of units
1
Flooring type
Carpet, Wood
Building materials
Wood, Vinyl Siding
Roof type
Composition
Listing Agency:
Real Broker, LLC
(217) 960-8605
Listed By:
Robb Satten
(630) 439-6385
Added: Jul 27
Changed: Oct 23
Last Checked: Oct 29 at 2:06PM
MLS# 12717031
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercially zoned 3-bedroom, 2-bath residence offers a practical live/work setup and redevelopment flexibility, subject to village approval. The home features a large living room with fireplace, a dining area, an open kitchen, and a first-floor primary bedroom. A walkout basement adds usable space, and the property includes a deck, storage sheds, partial fencing, and a 2-car garage with exterior parking for 6+ vehicles. The garage may be adaptable for storefront or office use.
The property is located in Round Lake Beach, minutes from village offices, the recreation center, the Post Office, retail and dining, and Metra.
Zoning COMMR allows a variety of uses, including general repair shop, professional office, engineering/architectural services, artist/industrial design studio, and floral shop, among other permitted categories. The site sits on approximately 0.89 acres and also notes potential future access to public water and sewer through the planned Hook Drive extension. (An additional detail is that the home is also listed for rent.)
The property is located in Round Lake Beach, minutes from village offices, the recreation center, the Post Office, retail and dining, and Metra.
Zoning COMMR allows a variety of uses, including general repair shop, professional office, engineering/architectural services, artist/industrial design studio, and floral shop, among other permitted categories. The site sits on approximately 0.89 acres and also notes potential future access to public water and sewer through the planned Hook Drive extension. (An additional detail is that the home is also listed for rent.)
Key Highlights
- 3BR/2BA home with fireplace, large living room, dining area, open kitchen, and first‑floor primary bedroom
- 1,834 SF above grade plus 792 SF walkout basement; wood/carpet flooring and central air
- More than 3/4 acre lot with deck, storage sheds, partial fencing, and exterior parking for 6+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,635
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,700
$452.7K
Cap Rate 7%
$323,357
$323.4K
Cap Rate 9%
$251,500
$251.5K
Market Conditions
NOI Build-Up for 1,834 SF
Gross rent
$44.0K $24.00/SF
− Vacancy
−$2.9K −$1.56/SF
EGI
$41.2K $22.44/SF
− OpEx
−$18.5K −$10.10/SF
NOI
$22.6K $12.34/SF
Area
Lake County, IL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,700
Cap Rate 7%
$323,357
Cap Rate 9%
$251,500
Alternative Uses
Best Use
Apartment 5plus
$323.4K
$282.9K – $377.3K
NOI $22,635 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.2K
$554.1K – $738.7K
NOI $44,324 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
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Business Placement
Demographics for 60073, IL
61,721
Population
20,864
Households
3
Avg Household Size
34
Median Age
27%
College-Educated
81%
High-School Grad
18.5 sq mi
ZIP Area
3,336
Density / Sq Mi
$95,457
Median Household Income
$43,228
Median Earnings
$1,461
Median Rent
$215,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - 3BR/2BA residence on commercially zoned land with a 2-car garage, exterior parking, walkout basement, and deck.
Where is this commercial land located?
The property is located at 140 E Acre Court Round Lake Beach, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3BR/2BA home with fireplace, large living room, dining area, open kitchen, and first‑floor primary bedroom; 1,834 SF above grade plus 792 SF walkout basement; wood/carpet flooring and central air; More than 3/4 acre lot with deck, storage sheds, partial fencing, and exterior parking for 6+ vehicles
