168 E Acre Court, Round Lake Beach, IL 60073

Building Details

Building Size 1,913 SF More

Year Built 1947 More

Stories 2 More

Listing Agency: Show Phone

Listed By: Sophath Sath

Source: Prosalesrealty

Added: Nov 7 Changed: Nov 8 Last Checked: Nov 8 at 1:24PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sophath Sath

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Investment Insights

Based on property information with market context.

This 0.89-acre property combines commercially zoned land with a 3-bedroom, 2-bathroom home. The residence has a living room with a fireplace, dining area, open kitchen, and first-floor primary bedroom. Additional features include a walkout basement, deck, storage sheds, partial fencing, and a 2-car garage. Exterior parking accommodates 6 or more vehicles. The garage may be adaptable for storefront or office use; village approval is required for business conversion or redevelopment.

Zoning is designated COMMR. Potential future public water and sewer access is associated with the planned Hook Drive extension. Village offices, a recreation center, Post Office, retail, dining, and Metra are minutes away.

Key Highlights

• 0.89‑acre commercially zoned property with a 3‑bedroom, 2‑bathroom residence
• 2‑car garage and exterior parking for 6+ vehicles
• Walkout basement, deck, storage sheds, and partial fencing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,800

Cap Rate

3.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$396,000 $396.0K

Cap Rate 7%

$282,857 $282.9K

Cap Rate 9%

$220,000 $220.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,913 SF

Gross rent

$34.4K $18.00/SF

− Vacancy

−$2.8K −$1.44/SF

EGI

$31.7K $16.56/SF

− OpEx

−$11.9K −$6.21/SF

NOI

$19.8K $10.35/SF

Area

Lake County, IL

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$396,000

Cap Rate 7%

$282,857

Cap Rate 9%

$220,000

Alternative Uses

Best Use

Mixed Use

$282.9K

$247.5K – $330.0K (±1% cap)

NOI $19,800 @ 7.0% cap · market cap 3.96%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$521.6K

$456.4K – $608.6K (±1% cap)

NOI $36,514 @ 7.0% cap · market cap 7.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Electrical Service Big Box & Wholesale Store Storage Facility Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

390

Businesses Nearby

Explore this area 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

Market

Average Price Trend$/SF for Mixed-use properties in Lake County, IL

$93.58 Jul

$131 Aug

$98.52 Sep

$74.92 Oct

Properties on Market for Mixed-use properties in Lake County

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A three-bedroom home on commercial land includes a garage, basement, deck, and outdoor parking.

Where is this mixed-use property located?

The property is located at 168 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: 0.89‑acre commercially zoned property with a 3‑bedroom, 2‑bathroom residence; 2‑car garage and exterior parking for 6+ vehicles; Walkout basement, deck, storage sheds, and partial fencing