540 E Rollins Rd, Round Lake Beach, IL 60073

Building Details

Tenancy Single More

Listing Agency: JLL Chicago | Americas Headquarters

Listed By: Mohsin Mirza · License #IL 475.189943 Show Phone

Source: Crexi

Added: Oct 21 Changed: Nov 8 Last Checked: Nov 8 at 6:06PM

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Investment Insights

Based on property information with market context.

The LA Fitness property at 540 E Rollins Rd is leased under a net structure with approximately 9.6 years remaining and multiple renewal options. A substantial renovation is underway to accommodate membership growth and update the member experience. Landlord responsibilities are limited under the lease.

The club is within Rollins Crossing, a retail center that records 1.8 million visits annually. The surrounding retail corridor includes Meijer, Home Depot, Kohl's, Walmart, and Hobby Lobby. Redevelopment at the center includes a new Target being built on the adjacent former K-Mart site and a recreation center under development in the former Regal Cinema.

Key Highlights

• LA Fitness net lease has approximately 9.6 years remaining and multiple renewal options
• Limited landlord responsibilities under the lease
• Renovation work underway to support membership growth and refresh the club

Property Analytics

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

Open Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Parking Lot & Garage Garden Center Kitchen & Bath Showroom

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

Lease Details

Single-tenant

Tenancy

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

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Frequently Asked Questions

What type of property is this?

Fitness center & gym - A recently extended net lease includes multiple renewal options and limited landlord responsibilities.

Where is this fitness center & gym located?

The property is located at 540 E Rollins Rd Round Lake Beach, IL.

What is the asking price?

The asking price for this property is $10,115,000.

What are key features of this property?

This property features: LA Fitness net lease has approximately 9.6 years remaining and multiple renewal options; Limited landlord responsibilities under the lease; Renovation work underway to support membership growth and refresh the club