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Property profile & analytics
OFF-MARKET
Land

0 Rollins Rd Round Lake Beach, IL 60073

11 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 11-acre commercial land parcel presents a remarkable development opportunity in Round Lake Beach, Illinois. Strategically located on E Rollins Rd and Wood St, this property boasts excellent street access and high visibility frontage, ideal for attracting national tenants. The site is comprised of two contiguous parcels, each measuring 5.5 acres, offering flexibility for development or potential separate sale. The front parcel is priced at $495,000, while the rear parcel is listed at $150,000; however, the entire 11-acre tract is offered for $645,000. This prime location is just blocks east of Route 83, providing convenient access to major transportation routes. Furthermore, the property enjoys a highly desirable adjacency to a newly constructed Tony's Fresh Market grocery store and a Northshore immediate care medical facility, ensuring high foot traffic and a strong surrounding community. The property is zoned C-3, allowing for a wide range of commercial uses. This presents a unique chance to capitalize on a thriving area with significant growth potential. The combined parcels offer substantial development possibilities, making this an attractive investment for discerning buyers seeking a prime commercial location in a rapidly developing area of Lake County. The property's location and zoning make it suitable for a variety of commercial ventures.

Property profile
Verified
Property type Land
Lot 11 ac (479,160 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
Allowed · conditional · prohibited
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