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    Property profile & analytics

    Magna Dr Round Lake, IL 60073

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Magna Dr

    Property type
    Land

    Description

    This exceptional 1-acre vacant lot, designated as Lot 4 within the Round Lake Industrial Park, presents a prime opportunity for development. Located at 0 Magna Drive, Round Lake, IL 60073, this property boasts a desirable level corner lot configuration, simplifying construction and maximizing usability. The lot's size is precisely 1.01 acres, offering ample space for a variety of commercial projects. Its location within the established Round Lake Industrial Park provides access to essential infrastructure and utilities, streamlining the development process. The property is zoned for industrial use (specific zoning details should be independently verified). The asking price for this strategically positioned lot is $149,900. This represents a compelling investment opportunity given the property's size, location, and potential for future growth within the thriving Round Lake Industrial Park. Interested parties are encouraged to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use. The property is ready for immediate development, making it an attractive option for businesses seeking a strategic location in a well-established industrial area. This is a rare opportunity to acquire a level, one-acre lot in a prime industrial location.

    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
    -88.0991
    Latitude
    42.3626

    Comparable in this City

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      9.86 Acres

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    • Value Estimation by Request
      20.00 Acres

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      Land • 20.00 Acres
      23379 Il-60, Round Lake, IL 60073
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    • Value Estimation by Request
      9.06 Acres

      27065-9 Il Rt120

      Land • 9.06 Acres
      27065-9 Il Rt120, Round Lake, IL 60073
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    • Value Estimation by Request
      34.70 Acres

      27065 Rte

      Land • 34.70 Acres
      27065 Rte, Round Lake Beach, IL 60073
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    Similar Nearby for Sale

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    Similar Nearby for Lease

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    Magna Dr
    Round Lake, 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
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