Commercially Zoned Residential
168 E Acre Court Round Lake Beach, IL 60073
New
For Sale
$499,900
COMMERCIAL - Round Lake Beach, IL
Property Size2,796 SF
Lot Size0.89 Acres
Price / SF$178.79
Days on Market4
Property Features for 168 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# 12717044
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 property features a 3-bedroom, 2-bath residential structure with a large living room with fireplace, dining area, open kitchen, and a first-floor primary bedroom. The home includes a walkout basement, a deck, and on-site storage sheds. Parking is supported by a 2-car garage plus exterior parking for 6+ vehicles, along with partial fencing.
The property is set on 0.89 acres and is zoned COMMR, which allows a variety of uses including general repair shop, professional office, engineering/architectural services, artist/industrial design studio, and floral shop, along with additional permitted categories. The listing notes village approval is required for business conversion. The site also has potential future access to public water/sewer through the planned Hook Drive extension, and it is described as minutes from village offices, a recreation center, the Post Office, retail and dining, and Metra.
With both living space and substantial exterior improvements already in place, the configuration can support an owner-occupied approach or redevelopment subject to applicable approvals.
The property is set on 0.89 acres and is zoned COMMR, which allows a variety of uses including general repair shop, professional office, engineering/architectural services, artist/industrial design studio, and floral shop, along with additional permitted categories. The listing notes village approval is required for business conversion. The site also has potential future access to public water/sewer through the planned Hook Drive extension, and it is described as minutes from village offices, a recreation center, the Post Office, retail and dining, and Metra.
With both living space and substantial exterior improvements already in place, the configuration can support an owner-occupied approach or redevelopment subject to applicable approvals.
Key Highlights
- 3BR/2BA home on commercially zoned land, built in 1947, with central air and a composition roof
- 1,848 SF main house plus 948 SF walkout basement, featuring a large living room with fireplace, dining area, and open kitchen
- First‑floor primary bedroom and a deck overlooking a lot over 3/4 acre with storage sheds and partial fencing
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 | $67.1k | $24.00 |
| − Vacancy | −$4.4k | −$1.56 |
| EGI | $62.7k | $22.44 |
| − OpEx | −$28.2k | −$10.10 |
| NOI | $34.5k | $12.34 |
2,796 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$493.0K
$431.4K – $575.1K
NOI $34,508 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$965.3K
$844.7K – $1.13M
NOI $67,573 @ 7.0% cap · market cap 13.52%
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 home on 0.89 acres with a 2-car garage, deck, walkout basement, and parking for 6+ vehicles.
Where is this single family 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: 3BR/2BA home on commercially zoned land, built in 1947, with central air and a composition roof; 1,848 SF main house plus 948 SF walkout basement, featuring a large living room with fireplace, dining area, and open kitchen; First‑floor primary bedroom and a deck overlooking a lot over 3/4 acre with storage sheds and partial fencing
