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    OFF-MARKET
    Retail properties & Spaces

    2536 Illinois 83, Round Lake Beach, IL 60073

    19,200 SF 2.86 ac lot Built 2004
    Property ID
    Property summary
    AI-generated overview

    This single-story, 19,200 square foot retail center in Round Lake Beach, IL, offers 5 available spaces ranging from 1,200 to 8,400 contiguous square feet. Located at 2536 N Illinois 83, near W. Monaville Road, this property boasts high visibility due to its location on heavily traveled Route 83, just south of Walmart, and features a large monument sign. The center includes 103 parking spaces, providing ample parking for tenants and customers. Built in 2004, the property is zoned C3 and offers a variety of possibilities, including medical, restaurant, and service businesses. Two available units are second-generation medical spaces, and one is a 2,400 square foot second-generation dental/orthodontic space. Other spaces can be built to suit tenant needs, with the owner offering assistance with build-out expenses. Property taxes are $3.55 per square foot. The building has 200 amp/3-phase power, but no elevators. Currently, Dunkin Donuts, Pink Nail Salon, Joy Foot Spa, and La Petite Academy are tenants. No base rent is due until January 1, 2026. The 2.86-acre site offers significant potential for businesses seeking a high-traffic location in a growing area with nearby medical facilities, including an Advocate Outpatient Center and Northwestern Medicine Grayslake Outpatient Center.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2004
    Total area 19,200 SF
    Lot 2.86 ac (124,582 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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