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Property profile & analytics

24431 Il-134 Round Lake, IL 60073

  • Retail properties
  • 6,500 SF
  • 0.41 lot acres
Value Estimation
Location Intelligence

Current Use by Public Records

  • Isalis / Women'S Clothing Store / Jewelry Store
  • Party City / Balloon Store / Candy Store
  • Skunk Funk / Clothing Store / Corporate Campus
  • Carl's Trading Co / Hat Shop
  • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

Property Details for 24431 Il-134

Year built
1979
Lot size
0.41 lot acres
Property size
6,500 SF
Property type
Retail properties
Property subtype
Medical space

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Round Lake
County
Lake
State
Illinois
Longitude
-88.1102
Latitude
42.3628
More about this property
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