540 Rollins Rd Round Lake Beach, IL 60073-1336
Property profile & analytics
540 Rollins Rd Round Lake Beach, IL 60073-1336
- Individual retail properties
- 41,925 SF
- 5.19 lot acres
Property ID
US28-3048547
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
- Individual retail properties
Property Details for 540 Rollins Rd
- Year built
- 2008
- Construction
- BRICK
- Lot size
- 5.19 lot acres
- Property size
- 41,925 SF
- Property type
- Individual retail properties
- APN
- 06-16-201-011
- APU
- 616201011
Description
Exceptional investment opportunity: Fee simple ownership of a 44,794 square foot LA Fitness in Round Lake Beach, IL (Chicago MSA). This property boasts a brand new 12-year corporate-guaranteed lease with Fitness International, LLC, commencing August 1, 2024, and expiring July 30, 2036. The lease includes two 5-year options to extend, ensuring long-term stability. Built in 2008, the property sits on a 3.27-acre lot (APN: 06-16-201-012 & 06-16-201-014) and benefits from a net lease structure with minimal landlord responsibilities. The lease features built-in rental increases of 10% in August 2030 and at the start of each option period, providing inflation protection and growing net operating income (NOI). The current NOI is $783,895, resulting in an 8.00% cap rate and a price per square foot of $218.76. The asking price is $9,799,000. The property is strategically located along E Rollins Rd, a major retail thoroughfare with high traffic volume (28,200 vehicles daily), within the Rollins Crossing shopping center, attracting over 1.6 million visitors annually. Its proximity to a high-performing Meijer (over 1.9 million annual visitors) and other national retailers like Walmart, Home Depot, and Kohl's further enhances its desirability. The 5-mile trade area boasts a population exceeding 146,800 with an average household income of $125,358. An adjacent 3.37-acre land parcel offers significant upside potential for future development.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $820,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Round Lake Beach
- County
- Lake
- State
- Illinois
- Longitude
- -88.0705
- Latitude
- 42.3811
- 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
$147,917
$345,893
$1,236,544
$1,582,437
-
$1,037,783
$3,710,003
$4,747,786
