1655 Wood St Round Lake Beach, IL 60073

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.