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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

PROPERTY TAXES

Parcel Number
06-29-101-025
Land Assessment
$93,442
Improvements Assessment
$203,669
Total Assessment
$297,111
  • Listing ID: 26773033

  • Date on Market: 10/4/2022

  • Last Updated:

  • Address: 649-655 Railroad Ave, Round Lake, IL 60073

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