Commercially Zoned Single-Family
140 E Acre Court Round Lake Beach, IL 60073
New
For Sale
$499,900
COMMERCIAL - Round Lake Beach, IL
Property Size1,834 SF
Lot Size0.89 Acres
Price / SF$272.57
Days on Market4
Property Features for 140 E Acre Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Fireplace
1
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
Building Details
Year built
1947
Floors in Building
2
Number of units
1
Flooring type
Wood, Carpet
Building materials
Wood, Vinyl Siding
Roof type
Composition
Listing Agency:
Real Broker, LLC
(217) 960-8605
Listed By:
Robb Satten · License #475101369
(630) 439-6385
Added: Jul 27
Changed: Jul 29
Last Checked: Jul 30 at 4:06AM
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.
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $24.00 |
| − Vacancy | −$2.9k | −$1.56 |
| EGI | $41.2k | $22.44 |
| − OpEx | −$18.5k | −$10.10 |
| NOI | $22.6k | $12.34 |
1,834 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - 3BR/2BA residence on commercially zoned land with a 2-car garage, exterior parking, walkout basement, and deck.
Where is this single family property 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
