Auto Shop with Living
225 E Main Street, Round Lake Park, IL 60073
For Sale
$950,000
The property combines an established repair operation with showroom, workshop, office, and upper-level residential space.
Property Size7,878 SF
Price / SF$120.59
Days on Market109
Property Features for 225 E Main Street
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Road Access
Automotive Uses
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Stories
Listing Agency:
Century 21 Integra
(847) 833-4978
Listed By:
Roberto Sanchez · License #475137698
(815) 344-1033
Source:
Premier-relocation
Added: Jul 22
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Century 21 Integra
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This auto shop includes a showroom with two bathrooms, a shop office with a private bathroom, and a workshop. The upper level has living quarters with three bedrooms, a full bathroom, kitchen, and laundry. The showroom is described as adaptable into two storefronts, each with its own bathroom; the upper level may be reconfigured as two two-bedroom apartments, subject to verification. The sale includes the real estate and the operating auto body repair business, which has served the property for more than 35 years.
The site is on Main Street (Route 134) in Round Lake Park, with access to public transportation, Metra, and major highways. C-3 zoning also allows C-2 uses, with additional uses potentially available by special use permit. Parking areas surround the property, with asphalt at the front and side and gravel at the rear.
The site is on Main Street (Route 134) in Round Lake Park, with access to public transportation, Metra, and major highways. C-3 zoning also allows C-2 uses, with additional uses potentially available by special use permit. Parking areas surround the property, with asphalt at the front and side and gravel at the rear.
Key Highlights
- C‑3 zoning also allows C‑2 uses; additional uses may be available by special use permit
- Operating auto body repair business with more than 35 years at the property; sale includes business and real estate
- Upper‑level living quarters include three bedrooms, full bathroom, kitchen, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,537
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,740
$1.6M
Cap Rate 7%
$1,164,814
$1.2M
Cap Rate 9%
$905,967
$906.0K
Market Conditions
NOI Build-Up for 7,878 SF
Gross rent
$141.8K $18.00/SF
− Vacancy
−$11.3K −$1.44/SF
EGI
$130.5K $16.56/SF
− OpEx
−$48.9K −$6.21/SF
NOI
$81.5K $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%
$1,630,740
Cap Rate 7%
$1,164,814
Cap Rate 9%
$905,967
Alternative Uses
Best Use
Mixed Use
$1.16M
$1.02M – $1.36M
NOI $81,537 @ 7.0% cap · market cap 8.58%
Second Best
Retail
$1.15M
$1.01M – $1.34M
NOI $80,568 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,394 @ 7.0% cap · market cap 20.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Balanced
Demand for This Use
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
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Bills Auto Service — 33685 N Fairfield Rd, Round Lake, IL 60073
Frequently Asked Questions
What type of property is this?
Auto shop - The property combines an established repair operation with showroom, workshop, office, and upper-level residential space.
Where is this auto shop located?
The property is located at 225 E Main Street Round Lake Park, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: C‑3 zoning also allows C‑2 uses; additional uses may be available by special use permit; Operating auto body repair business with more than 35 years at the property; sale includes business and real estate; Upper‑level living quarters include three bedrooms, full bathroom, kitchen, and laundry
