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649 - 655 Railroad Avenue, Round Lake, IL
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649 - 655 Railroad Avenue
Round Lake, IL 60073 - Central Northwest Submarket
Existing , Renov 2008
1.49 AC (64,856 SF)
For Sale Price:
Free Surface spaces are available; Ratio of 4.5/1,000 SF
Newly renovated shopping center. New parking lot in works, with dedicated spots for tenants.
Bank owned, multi-tenant retail center available for sale along Railroad Avenue in Round Lake. The center consists of 19,403 square feet over five units and sits on 1.49 acres. Two of the five units are currently leased, making the center 28% occupied. Excellent value add opportunity for an investor to purchase a newly renovated center with exisint income and the ability to add value by increasing the occupancy percentage. The building was renovated in 2008.
The center is well occupied adjacent to retail giant, Ace Hardware, and in close proxomity to the Round Lake Metra station and local retailers such as Iron Horse Grill and Rancho.
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FOR SALE CONTACTS
Frontline Real Estate Partners
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