1655 Wood St Round Lake Beach, IL 60073-2250
Property profile & analytics
1655 Wood St Round Lake Beach, IL 60073-2250
- Industrial properties
- 16,762 SF
- 1.00 lot acres
Property ID
US28-5663731
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 1655 Wood St
- Year built
- 1976
- Construction
- STEEL FRAME
- Lot size
- 1.00 lot acres
- Property size
- 16,762 SF
- Property type
- Industrial properties
- APN
- 06-15-100-018
- APU
- 615100018
Description
This exceptional 16,000-square-foot industrial property in Round Lake Beach, Illinois, presents a prime owner-operator opportunity. Located at 1655 Wood Street, this vacant warehouse sits on a one-acre lot and boasts a 20-foot clear ceiling height, one drive-in door, and 17 existing parking spaces with potential for expansion to accommodate 30+ vehicles. The building features 3,185 square feet of office space and has undergone significant upgrades, including new LED lighting (2017-2020), updated sheetrock and ceilings (2017), and four new AC/heat air handlers (2017). The electrical system was upgraded in 2019 to 800 amps/120-208V, 3-phase power. The I-1 zoning allows for a wide range of industrial uses. An attractive aspect of this property is the potential to acquire up to three additional acres of adjacent land for expansion. Furthermore, a lease option exists for a cell tower installation on the property, generating potential monthly income of $1,190 for 50 years with annual escalations, expiring July 28, 2026, or upon exercise by Crown Castle. This property is ideally situated near Rollins Road and Route 83, offering excellent accessibility and logistics advantages. The asking price is $1,199,000. The property's APN is 06-15-100-018.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,205,000
- 6.5%
- $1,110,000
- 7%
- $1,030,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,116,000
- AI Estimate
- $669,000
Market price range: $1.02M - $1.73MMarket price range: $475k - $1.11M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,325,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Round Lake Beach
- County
- Lake
- State
- Illinois
- Longitude
- -88.0576
- Latitude
- 42.3796
- 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
$24,919
$91,596
$141,793
$233,389
-
$274,815
$425,421
$700,236
