Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    214 S Channel Drive Round Lake Beach, IL 60073

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Round Lake Beach, IL

    Lot size:
    0.11 Acres
    Added:
    Apr 11, 2026
    Days on Market:
    28
    Last Refresh:
    May 8 at 2:06 am

    Property Features for 214 S Channel Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active
    APN
    06202150440000
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    822

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Steve Rollins
    Steve Rollins

    Listing agent Steve Rollins License #475125393

    Listing office Compass 760 W. Main Street, Suite 11, IL

    Listing date Apr 11, 2026

    MLS# 12616472 Listing URL

    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.

    HighLights

    • Waterfront property with direct channel access.
    • Enjoy serene water views.
    • Located in Round Lake Beach.
    • Peaceful, nature‑filled setting.
    • Close to everyday conveniences.
    • Opportunity for kayaking and paddleboarding.

    Overview

    Waterfront Land in Round Lake Beach

    This approximately 0.11-acre waterfront property is located at 214 S Channel Dr in Round Lake Beach, Illinois. The lot offers water views and direct channel access, providing a peaceful, nature-filled setting. The property allows for activities such as kayaking or paddleboarding and relaxation in quiet surroundings. Round Lake Beach is known for its community, local parks, and access to shopping, dining, and major roadways. This property presents an opportunity to own waterfront land in a desirable area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Round Lake Beach
    County
    Lake
    State
    Illinois
    Longitude
    -88.1158
    Latitude
    42.3442

    Nearby Similar for Sale

    • $375,000

      Commercial Building Near National Retailers

      4,200 SF commercial building in high-traffic location.
      131 E Rollins Road, Round Lake Beach, IL 60073
      View Details
    • $50,000

      Round Lake Beach Land Bundle

      Three adjoining lots totaling .5036 acres near Round Lake.
      22771 Lake Park Avenue, Round Lake Beach, IL 60073
      View Details
    • $29,000

      Buildable Lot Near Long Lake

      Unincorporated Lake County lot near shopping, Metra, and Long Lake.
      35563 N Hillside Avenue, Round Lake Beach, IL 60073
      View Details
    • $1,100,000
      10,900 SF

      Multi-Tenant Industrial Investment Opportunity

      Multi-tenant industrial property in Round Lake Beach, Illinois for sale.
      1800 Circuit Dr, Round Lake Beach, IL 60073
      View Details
    • $1,800,000

      Commercial Property on Milwaukee Avenue

      Prime commercial property with frontage on Milwaukee Ave in Illinois.
      35220 N Il Route 83, Round Lake Beach, IL 60073
      View Details
    • $35,000

      Vacant Land in Round Lake

      Vacant parcel in Round Lake Beach with development potential.
      1110 N Fairfield Road, Round Lake Beach, IL 60073
      View Details
    • $24,999

      Round Lake Beach Buildable Lot

      Buildable lot in Round Lake Beach, utilities nearby.
      412 Woodland Drive, Round Lake Beach, IL 60073
      View Details
    • $17,000

      Residential Vacant Lot For Sale

      Vacant residential lot near parks, shopping, and dining.
      29 Ferndale Drive, Round Lake Beach, IL 60073
      View Details
    • $1,800,000

      Commercial Property on Milwaukee Avenue

      Prime location with frontage on Milwaukee Ave in Round Lake Beach.
      35220 N Il Route 83, Round Lake Beach, IL 60073
      View Details
    • $1,100,000
      10,900 SF

      Industrial Property For Sale

      10,900 SqFt industrial property with 7.33% CAP rate.
      1800 Circuit Dr, Round Lake Beach, IL 60073
      View Details
    • $2,596,000
      10,000 SF

      High-Performing Buffalo Wild Wings Investment

      NNN leased Buffalo Wild Wings in Round Lake Beach, Illinois.
      500 E Rollins Rd, Round Lake Beach, IL
      View Details
    • $4,500,000
      21 SF

      Land Available in Round Lake

      21 acres of land for sale in Illinois.
      36220 North Illinois 83, Round Lake Beach, IL 60046
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.11-acre waterfront lot with channel access in Round Lake Beach.
    Where is this waterfront land located?
    The property is located at 214 S Channel Drive Round Lake Beach, IL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Waterfront property with direct channel access.; Enjoy serene water views.; Located in Round Lake Beach.
    (847) 306-6158
    We can help!
    Listing Contact
    Steve Rollins
    Steve Rollins
    Real Estate License ID: 475125393
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    214 S Channel Drive, Round Lake Beach, IL 60073
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!