Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    24431 Il-134 Round Lake, IL 60073

    For Sale
    $3,100,000

    IL Animal Hospital - NNN Investment

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fee-simple interest in a 6,500 square foot, single-story animal hospital in Round Lake, IL. The property, built in 1979 and situated on a 0.41-acre lot, boasts 32 parking spaces and enjoys a prime location on IL-134, offering superior visibility with significant street frontage and a monument sign. Currently 100% occupied by VetCor under a NNN lease with a corporate guarantee, the lease commenced March 7, 2023, and has a remaining term of approximately 3.3 years, with three 5-year renewal options. The lease includes annual rent bumps of 2%, ensuring consistent income growth. The property generates a strong NOI of $204,000, resulting in a 6.58% cap rate at an asking price of $3,100,000 ($476.92/sq ft). Landlord responsibilities are limited to roof, parking lot, foundations, floor slabs, exterior walls and windows, points of entry, electrical wiring, gutters, downspouts, subfloors, water, sewer and electric service from a public right of way to the Premises, HVAC and septic system. The property benefits from a high-traffic location near CVS, Dunkin', Chase Bank, and Kohl's, serving a 5-mile trade area with a population of 126,263 and 21,920 daytime employees, boasting an average household income of $122,513. This presents a low-management, passive investment opportunity with significant upside potential. APN: 06-19-401-004.

    Property Features for 24431 Il-134

    General Information

    Property type
    Medical space
    Square Feet
    6,500 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1

    HighLights

    • Five‑year remaining lease term.
    • Three, five‑year tenant renewal options.
    • Lease includes 2% annual rent increases.
    • Tenant, VetCor, operates over 800 locations nationwide.
    • High visibility location with significant street frontage and monument signage on IL‑134.
    • Excellent location on IL‑134, with 7,535 average daily traffic count.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Round Lake
    County
    Lake
    State
    Illinois
    Longitude
    -88.110246810471
    Latitude
    42.362759932101

    Nearby Comparable

    • Contact for pricing
      1,821 SF

      Prime Location Near Metra Station

      Office building adjacent to Round Lake Metra train station.
      301 Goodnow Blvd, Round Lake, IL 60073
      View Details
    • New
      $59,900
      0.18 Acres

      Vacant Commercial Lot in Round Lake

      Vacant 0.18-acre commercial lot in Round Lake, Illinois.
      521 Cedar Crest Ct, Round Lake, IL 60073
      View Details
    • $1,600,000
      20.00 Acres

      Prime 20-Acre Round Lake Land

      Exceptional development opportunity in Illinois.
      23379 Il-60, Round Lake, IL 60073
      View Details
    • $975,000
      15.30 Acres

      Round Lake Commercial Land Opportunity

      15.3 Acres, High Traffic Corridor, Route 120
      0 Belvidere Rd, Round Lake, IL 60073
      View Details
    • $150,000

      Land for Sale

      Land available for sale in Round Lake, Illinois.
      201 W Nippersink Rd, Round Lake, IL
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      1,821 SF

      Prime Location Near Metra Station

      Office building adjacent to Round Lake Metra train station.
      301 Goodnow Blvd, Round Lake, IL 60073
      View Details

    FAQs

    What type of property is this?
    Medical space - IL Animal Hospital - NNN Investment
    Where is this medical space located?
    The property is located at 24431 Il-134 Round Lake, IL.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: Five-year remaining lease term.; Three, five-year tenant renewal options.; Lease includes 2% annual rent increases.
    Request Owner's contact information
    24431 Il-134 Round Lake, IL 60073
    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.
    24431 Il-134
    Round Lake, IL 60073
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    24431 Il-134 Round Lake, IL 60073
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.