Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    230 Rollins Rd Round Lake Beach, IL 60073-1330

    • Retail space
    • 87,233 SF
    • 7.81 lot acres
    OFF-MARKET
    Value Estimations
    $6,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2833069
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 230 Rollins Rd

    Year built
    1999
    Construction
    BRICK
    Lot size
    7.81 lot acres
    Property size
    87,233 SF
    Property type
    Retail space
    APN
    06-16-104-001
    APU
    616104001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,284,000
      Market price range: $5.87M - $13.7M
      AI Estimate
      $4,343,000
      Market price range: $3.32M - $10.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,910,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $10,245,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,065,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Round Lake Beach
    County
    Lake
    State
    Illinois
    Longitude
    -88.0767
    Latitude
    42.381
    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
    $116,475
    $424,470
    $884,019
    $1,308,489
    -
    $1,273,537
    $2,652,322
    $3,925,859

    Comparable in this City

    • Value Estimation
      $520,000
      11,680 SF

      340 Railroad Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,680 SF
      340 Railroad Ave, Round Lake, IL 60073-3229
      View Details
    • Value Estimation by Request
      2,092 SF

      2680 Il Rte 83

      RETAIL STORES (PERSONAL SERVICES) • 2,092 SF
      2680 Il Rte 83, Round Lake Beach, IL 60073-4983
      View Details
    • Value Estimation by Request
      5,000 SF

      223 Cedar Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      223 Cedar Lk Rd, Round Lake, IL 60073-3286
      View Details
    • Value Estimation
      $605,000
      6,610 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,610 SF
      106 Main St, Round Lake Park, IL 60073-3643
      View Details
    • Value Estimation by Request
      1,036 SF

      117 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,036 SF
      117 Main St, Round Lake Park, IL 60073-3603
      View Details
    • Value Estimation by Request
      3,150 SF

      814 Rollins Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      814 Rollins Rd, Round Lake Beach, IL 60073-1227
      View Details

    Similar Nearby for Sale

    • $1,800,000
      2,588 SF

      Commercial Property on Milwaukee Avenue

      Prime location with frontage on Milwaukee Ave in Round Lake Beach.
      35220 N Il Route 83, Round Lake Beach, IL 60073
      View Details
    • $1,800,000
      2,588 SF

      Commercial Property on Milwaukee Avenue

      Prime commercial property with frontage on Milwaukee Ave in Illinois.
      35220 N Il Route 83, Round Lake Beach, IL 60073
      View Details
    • $375,000
      4,200 SF

      Commercial Building Near National Retailers

      4,200 SF commercial building in high-traffic location.
      131 E Rollins Rd, Round Lake Beach, IL 60073
      View Details
    • Contact for pricing
      6,500 SF

      Round Lake Animal Hospital Investment

      NNN leased animal hospital with over 5 years remaining.
      24431 Il-134, Round Lake, IL 60073
      View Details
    • Contact for pricing

      Commercial Parcel in Madrona Village

      4-acre commercial parcel suitable for various development projects.
      23403 Il-120, Round Lake, IL 60073
      View Details
    • Contact for pricing

      Lake County Development Opportunity

      20 acres of land with development potential in Lake County.
      23379 Il-60, Round Lake, IL 60073
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Round Lake Commercial Property For Rent

      Prime commercial property with drive-through in Round Lake, Illinois.
      1271 W Il Rte 134, Round Lake, IL 60073
      View Details
    • $18 SF/Yr

      Retail Space in Eagle Creek Plaza

      Retail spaces available in busy Round Lake Beach shopping center.
      300-400 West Rollins Rd, Round Lake Beach, IL 60073
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,200 to 2,400 SqFt.
      2159-2219 Rte 83 N, Round Lake Beach, IL 60073
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      752 E Rollins Rd, Round Lake Beach, IL 60073
      View Details
    • Contact for pricing

      Round Lake Beach Commercial Property

      Commercial property in Round Lake Beach with office and fenced yard.
      35220 N Il Rte 83, Round Lake Beach, IL 60073
      View Details
    • Contact for pricing

      Fenced Yard with Two Shops

      Commercial property with fenced yard and two shop buildings.
      35220 N Il Rte 83, Round Lake Beach, IL 60073
      View Details

    Property Visit Statistics

    • Visits by month
      59.5k
    • Visitors by month
      40.0k
    • Avg Time on site
      33 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    230 Rollins Rd
    Round Lake Beach, IL 60073-1330
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!