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    Property profile & analytics

    24550 Il Rte 120 Round Lake, IL 60073-9660

    • Investment properties
    • 2,428 SF
    • 86.26 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-1851262
    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

    • Investment properties

    Property Details for 24550 Il Rte 120

    Year built
    1904
    Construction
    FRAME
    Lot size
    86.26 lot acres
    Property size
    2,428 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    06-31-100-007
    APU
    631100007

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Round Lake
    County
    Lake
    State
    Illinois
    Longitude
    -88.1163
    Latitude
    42.3366
    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
    $20,447
    $122,669
    $22,553
    $145,222
    -
    $368,044
    $67,665
    $435,709

    Comparable in this City

    • Value Estimation by Request
      4.84 Acres

      500 Hart Rd

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    • Value Estimation by Request
      2,275 SF

      31726 Mcnally Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 2,275 SF
      31726 Mcnally Ln, Volo, IL 60073-9617
      View Details
    • Value Estimation
      $340,000
      1,299 SF

      1221 Rollins Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,299 SF
      1221 Rollins Rd, Round Lake Heights, IL 60073-1037
      View Details
    • Value Estimation
      $3,640,000
      3,512 SF

      31535 Us Hwy 12

      OFFICE/RESIDENTIAL (MIXED USE) • 3,512 SF
      31535 Us Hwy 12, Volo, IL 60073-9773
      View Details
    • Value Estimation
      $1,280,000
      2,511 SF

      30846 Us Hwy 12

      OFFICE/RESIDENTIAL (MIXED USE) • 2,511 SF
      30846 Us Hwy 12, Volo, IL 60073-8155
      View Details
    • Value Estimation
      $250,000
      2,476 SF

      229 Cedar Lk Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,476 SF
      229 Cedar Lk Rd, Round Lake, IL 60073-3215
      View Details

    Similar Nearby for Sale

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      Round Lake Beach Commercial Property

      Commercial property with office space, shops, and fenced yard.
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    Similar Nearby for Lease

    • $12 SF/Yr

      Office/Retail Space in Round Lake Beach

      2588 SF office/retail space with high traffic frontage.
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    • $14 SF/Yr

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    • Contact for pricing

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    • $2,100 /Mo

      Fairfield Lakes Townhome For Lease

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      Commercial Property on Milwaukee Avenue

      Commercial property for lease with frontage on Milwaukee Avenue.
      35220 N Il Rte, Round Lake Beach, IL 60073
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      1,586 SF

      Elegant Townhome with Private Deck

      Spacious 3-bedroom townhome with modern kitchen and private outdoor deck.
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      View Details
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    24550 Il Rte 120
    Round Lake, IL 60073-9660
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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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