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    2159-2219 Rte Round Lake Beach, IL 60073

    For Lease
    Contact for pricing

    Prime Round Lake Beach Retail Space

    Lot size:
    28,425 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Sweetwater Crossing, located at 2159-2219 N Route 83 in Round Lake Beach, Illinois, presents a fantastic opportunity for retail businesses. This multi-tenant strip center boasts a total of 28,425 square feet, offering excellent visibility and accessibility along Route 83 in Lake County. Currently, there are two available spaces, ranging from 1,200 to 1,500 square feet, perfect for a variety of retail concepts. The property's strategic location in the bustling Round Lake Beach community ensures high foot traffic and strong potential for customer engagement. The existing tenants contribute to a vibrant and thriving retail environment, creating a synergistic atmosphere for new businesses. The zip code is 60073. This is an exceptional opportunity to establish or expand your retail presence in a high-demand area. The property's size and layout offer flexibility for various retail uses, making it an ideal investment for both established businesses and emerging entrepreneurs. With its convenient location and ample space, Sweetwater Crossing promises a strong return on investment. The available spaces provide a chance to capitalize on the growing retail market in Round Lake Beach. Serious inquiries are encouraged to explore this exceptional retail opportunity further. The property is classified as a retail strip center.

    Property Features for 2159-2219 Rte

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,425 SF

    Unit(s) available at that property

    Space
    Space 2207b
    Size
    1,200 SF
    Space
    Space 2175a
    Size
    1,500 SF

    HighLights

    • High‑visibility location on Route 83 in Round Lake Beach.
    • Strong co‑tenancy with Home Depot, Walmart, Jewel/Osco, and Hobby Lobby.
    • Route 83 boasts 23,700 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Round Lake Beach
    County
    Lake
    State
    Illinois
    Longitude
    -88.0621225
    Latitude
    42.3873718

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Round Lake Beach Retail Space
    Where is this neighborhood center located?
    The property is located at 2159-2219 Rte Round Lake Beach, IL.
    What are key features of this property?
    This property features: High-visibility location on Route 83 in Round Lake Beach.; Strong co-tenancy with Home Depot, Walmart, Jewel/Osco, and Hobby Lobby.; Route 83 boasts 23,700 vehicles per day (VPD).
    Request Owner's contact information
    2159-2219 Rte Round Lake Beach, IL 60073
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    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
    2159-2219 Rte Round Lake Beach, IL 60073
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