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    Property profile & analytics

    270 Rollins Rd Round Lake Beach, IL 60073

    • Retail space
    • 29,707 SF
    • 7.12 lot acres
    For Lease
    View listing
    Value Estimation
    $4,525,000
    Last Sale
    Nov 17, 2021
    $4,100,000
    Location Intelligence
    Property ID
    US28-1197711
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 270 Rollins Rd

    Year built
    2008
    Construction
    BRICK
    Lot size
    7.12 lot acres
    Property size
    29,707 SF
    Property type
    Retail space
    APN
    06-16-104-004
    APU
    616104004

    Description

    This exceptional retail opportunity is located at 270 E Rollins Rd, Round Lake Beach, IL 60073, within the Round Lake Court shopping center. The property offers multiple spaces for lease, ranging from 3,510 to 5,031 contiguous square feet, out of a total 142,398 square feet. Currently, 8,541 square feet are vacant. Built in 1980, the center boasts 1,423 surface parking spaces, ensuring ample customer convenience. The center enjoys a prime location at the northeast corner of Rollins Road & Orchard Lane, a signalized intersection with over 32,000 vehicles passing daily, providing excellent visibility and exposure. This Kohl's-anchored center offers a strong tenant mix, including Ross Dress For Less, Famous Footwear, Dollar Tree, Sally Beauty Supply, and Bella's Bistro. The property features pylon signage along Rollins Road and Orchard Street. The surrounding area is densely populated with numerous national retailers, including Home Depot, Jewel-Osco, Meijer, Tony's Fresh Market, ALDI, Walgreens, Big Lots, Petco, Esporta Fitness, Crunch Fitness, O'Reilly Auto Parts, Starbucks, Dunkin', Wendy's, McDonald's, Buffalo Wild Wings, Popeye's, and Chipotle. This location provides unparalleled access to a large customer base in a thriving retail environment. Lake County location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,670,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,320,000
      6.5%
      $3,985,000
      7%
      $4,420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,180,000
      Geo Method
      $4,310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,455,000
      Retail
      $4,025,000
      Mixed-Use
      $3,890,000
      Hospitality
      $3,755,000
      Educational
      $4,010,000
      Residential Income
      $3,855,000
      Energy
      $3,915,000
      Income-Based Land
      $4,125,000
      Food Service
      $3,970,000

    Location Insight

    • Map
    • Local Demand
    City
    Round Lake Beach
    County
    Lake
    State
    Illinois
    Longitude
    -88.0753
    Latitude
    42.3811
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $116,920
    $412,994
    $697,606
    $1,110,600
    -
    $1,239,106
    $2,093,027
    $3,332,133

    Comparable in this City

    • Value Estimation
      $2,675,000
      12,775 SF

      1229 Il Rte 134

      RETAIL STORES (PERSONAL SERVICES) • 12,775 SF
      1229 Il Rte 134, Round Lake, IL 60073-9725
      View Details
    • Value Estimation
      $720,000
      6,060 SF

      1218 Rollins Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,060 SF
      1218 Rollins Rd, Round Lake Heights, IL 60073-1073
      View Details
    • Value Estimation
      $2,255,000
      23,500 SF

      260 Rollins Rd

      RETAIL STORES (PERSONAL SERVICES) • 23,500 SF
      260 Rollins Rd, Round Lake Beach, IL 60073-1330
      View Details
    • Value Estimation by Request
      8,766 SF

      342 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,766 SF
      342 Main St, Hainesville, IL 60073-3644
      View Details
    • Value Estimation
      $275,000
      2,400 SF

      1411 Cedar Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      1411 Cedar Lk Rd, Round Lake Beach, IL 60073-1805
      View Details
    • Value Estimation
      $695,000
      7,474 SF

      200 Rollins Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,474 SF
      200 Rollins Rd, Round Lake Beach, IL 60073-1324
      View Details

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    270 Rollins Rd
    Round Lake Beach, 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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