Property profile

2536 Illinois 83 Round Lake Beach, IL 60073

OFF-MARKET
Retail properties & Spaces
19,200 SF 2.86 ac lot Built 2004
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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

Location

2536 Illinois 83 Round Lake Beach, IL 60073
Round Lake Beach metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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