Industrial Warehouse With Grade-Level
702 Valentin Dr, Round Lake, IL 60073
For Sale
$1,650,000
Metal-construction warehouse in an industrial park with direct access to regional transportation routes.
Property Size19,940 SF
Lot Size0.94 Acres
Price / SF$82.75
Days on Market96
Property Features for 702 Valentin Dr
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Highway Access
Amenities
Owner-Occupied 19,940-Square-Foot Industrial Asset Situated on 0.94 Acres
Featuring Metal Construction, 16' Clear Height, and Two 16' Grade-Level Doors
Short-Term Sale-Leaseback with Phillips' Boat Storage at $4.81 per Square Foot on Modified Gross Terms Through May 2027, Creating Lease-Up Opportunity
Situated in Round Lake Industrial Park | Ideal for Contractors, Small Businesses, and Light Manufacturing
Located Along IL 134 with Proximity to IL 83 and U.S. 12
Outperforming North Lake Submarket: 5.8 Percent Vacancy Rate & 4.8 Percent Rent Growth in Q2 2026 vs. National Averages of 7.8 Percent and 1.5 Percent
Building Details
Building Size
Year Built
Construction
Listing Agency:
Chicago Downtown Office
Listed By:
Alexander Zlotnik
(312) 327-5499
Source:
Marcusmillichap
Added: Aug 8
Changed: Nov 3
Last Checked: Nov 10 at 5:02AM
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
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Investment Insights
Based on property information with market context.
This 19,940-square-foot warehouse occupies 0.94 acres in Round Lake Industrial Park. Built in 2002, the metal-construction facility provides 16-foot clear height and two 16-foot grade-level doors. The property is currently occupied by the seller’s boat-storage operation, and a modified gross sale-leaseback through May 2027 is planned at closing.
The facility fronts Illinois Route 134 and offers proximity to Illinois Route 83 and U.S. Route 12. Its industrial setting and loading configuration support warehouse, contractor, small-business, and light-manufacturing uses identified for the property. The asset is located within the North Lake County industrial submarket, which includes manufacturing, logistics, and distribution activity.
The facility fronts Illinois Route 134 and offers proximity to Illinois Route 83 and U.S. Route 12. Its industrial setting and loading configuration support warehouse, contractor, small-business, and light-manufacturing uses identified for the property. The asset is located within the North Lake County industrial submarket, which includes manufacturing, logistics, and distribution activity.
Key Highlights
- 19,940 square feet of industrial warehouse space on 0.94 acres
- 16‑foot clear height with two 16‑foot grade‑level doors
- Metal‑construction facility built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,228
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,084,560
$2.1M
Cap Rate 7%
$1,488,971
$1.5M
Cap Rate 9%
$1,158,089
$1.2M
Market Conditions
NOI Build-Up for 19,940 SF
Gross rent
$129.2K $6.48/SF
− Vacancy
−$6.6K −$0.33/SF
EGI
$122.6K $6.15/SF
− OpEx
−$18.4K −$0.92/SF
NOI
$104.2K $5.23/SF
Area
Lake County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,084,560
Cap Rate 7%
$1,488,971
Cap Rate 9%
$1,158,089
Alternative Uses
Best Use
Warehouse
$1.49M
$1.30M – $1.74M
NOI $104,228 @ 7.0% cap · market cap 6.32%
Second Best
Industrial
$1.23M
$1.07M – $1.43M
NOI $85,835 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$5.44M
$4.76M – $6.34M
NOI $380,605 @ 7.0% cap · market cap 23.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
291
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
$215,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Lake County, IL
Properties on Market for Warehouses in Lake County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- ABW Self Storage Unit — 649 Railroad Ave, Round Lake, IL 60073
- AAA Safety Storage — 812 Sunset Dr, Round Lake, IL 60073
- Storage Express — 1298 Long Lake Dr, Round Lake Beach, IL 60073
Frequently Asked Questions
What type of property is this?
Warehouse - Metal-construction warehouse in an industrial park with direct access to regional transportation routes.
Where is this warehouse located?
The property is located at 702 Valentin Dr Round Lake, IL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 19,940 square feet of industrial warehouse space on 0.94 acres; 16‑foot clear height with two 16‑foot grade‑level doors; Metal‑construction facility built in 2002
