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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

Property Type:Retail Sub Type:- Status:Existing , Renov 2008 Year Built:1950
Building Size:20,000 SF Land Area:1.49 AC (64,856 SF)
For Sale Price:$925,000 Price/SF:$46.25
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 4.5/1,000 SF
Features:Pylon Sign

Newly renovated shopping center. New parking lot in works, with dedicated spots for tenants.

Sale Notes:
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.

Frontline Real Estate Partners
Zack Pearlstein
(847) 275-6106

Andrew Rubin
(224) 628-4005

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