649-655 Railroad Ave | Round Lake, IL 60073
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- LoopNet Team
649-655 Railroad Ave
Round Lake, IL 60073
100% Occupied Recently Renovated Retail Strip · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime location near the busy Nippersink Road just 1,000 feet from Round Lake Metra Station; Shadow anchored by Ace Hardware and Dollar Tree.
- Daily needs type tenancy largely insulated from impact of e-commerce
- Numerous improvements including resurfacing the parking lot, roof repairs, exterior lighting & electrical upgrades, and tenant specific improvements
- Stable in-place income; All leases include personal guarantees from the owners of tenants
- Main on Main location establishes property a primary retail hub
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
18,600 SF
Building Class
B
Year Built/Renovated
1950/2008
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
6.01 AC
Zoning
C2
Parking
33 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
670’ on Railroad Ave
PROPERTY TAXES
| Parcel Number | 06-29-101-025 | Improvements Assessment | $203,669 |
| Land Assessment | $93,442 | Total Assessment | $297,111 |
PROPERTY TAXES
Parcel Number
06-29-101-025
Land Assessment
$93,442
Improvements Assessment
$203,669
Total Assessment
$297,111
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