0 Rollins Rd Round Lake Beach, IL 60073
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.