Warehouse with Dock-High
675 Sunset Dr Round Lake, IL 60073
675 Sunset Dr, Round Lake, IL, 60073
$800,000
For Sale
$800,000
Single-tenant masonry warehouse offers 12’ clear height, one dock-high door in a truck well, and a fully fenced lot.
Property Size4,500 SF
Lot Size1.14 Acres
Price / SF$177.78
Days on Market114
Property Features for 675 Sunset Dr
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 1.14 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 1971
Listing agency
Chicago Downtown Office
(312) 327-5499
Listed by
Alexander Zlotnik · License #IL: 475212760
(312) 327-5499
Source
Marcusmillichap
Added: Mar 31 Updated: Jul 21 at 4:39PM Checked: Jul 22 at 2:11AM
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 Chicago Downtown Office
Investment Insights
Based on property information with market context.
This single-tenant warehouse features masonry construction and approximately 4,500 square feet of warehouse space. The building provides a 12’ clear height and includes one dock-high door set in a truck well. The fully fenced-in lot supports industrial outdoor storage (IOS) use, and the property’s building coverage ratio is listed at 9%.
The site is located 0.3 miles from Illinois Route 134, which merges into Illinois Route 120, with proximity to Interstate 94 connecting Chicago and Milwaukee. The property is being offered for sale as vacant, providing flexibility for immediate owner use or for lease-up following acquisition.
The site is located 0.3 miles from Illinois Route 134, which merges into Illinois Route 120, with proximity to Interstate 94 connecting Chicago and Milwaukee. The property is being offered for sale as vacant, providing flexibility for immediate owner use or for lease-up following acquisition.
Key Highlights
- Single‑tenant masonry warehouse with approx. 4,500 SF on 1.14 acres in Round Lake, IL
- 12’ clear height plus one dock‑high door set in a truck well
- Fully fenced‑in lot for secure use
Local Financial Insights For Warehouse
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 | $29.2k | $6.48 |
| − Vacancy | −$1.5k | −$0.33 |
| EGI | $27.7k | $6.15 |
| − OpEx | −$4.2k | −$0.92 |
| NOI | $23.5k | $5.23 |
4,500 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$336.0K
$294.0K – $392.0K
NOI $23,522 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,755 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Single-tenant masonry warehouse offers 12’ clear height, one dock-high door in a truck well, and a fully fenced lot.
Where is this warehouse located?
The property is located at 675 Sunset Dr Round Lake, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Single‑tenant masonry warehouse with approx. 4,500 SF on 1.14 acres in Round Lake, IL; 12’ clear height plus one dock‑high door set in a truck well; Fully fenced‑in lot for secure use
