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    Property profile & analytics
    OFF-MARKET Estimated value $4,425,000
    Retail space

    270 Rollins Rd, Round Lake Beach, IL 60073-1330

    29,707 SF 7.12 ac lot Built 2008
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US28-1197711
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2008
    Construction BRICK
    Total area 29,707 SF
    Lot 7.12 ac (310,147 SF)
    APN 06-16-104-004
    UPID US28-1197711
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.34M
    CAP Approach CAP
    $4.68M
    Comparable Approach Comparable
    $4.67M
    Blend (final) Blend
    $4.43M
    Owner & transaction history
    Ajaib Toor · 4 yrs held
    Ajaib Toor
    since 2021
    Last sale
    $4.1M
    2 recorded transactions
    2021
    $4.1M
    2006
    $1.2M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $5.2M +53.8%
    Office building $3.9M +15.0%
    Apartment house (5+ units) $3.5M +3.3%
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