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Round Lake Beach, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Round Lake Beach, Illinois Market population: 28K. Compare commercial properties across all major asset...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Round Lake Beach IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Round Lake Beach IL Properties: 3.0800%

πŸ“Š Average Income For Round Lake Beach IL Commercial Property: $59,958

Investor Questions For Round Lake Beach IL

Common questions from investors exploring commercial real estate in Round Lake Beach IL.

What is the overall investment potential of Round Lake Beach, IL? +
The 11.2% poverty rate combined with 84.7% health insurance coverage and a strong median household income of $59,958 suggests a stable market with employment stability, while the top industries in Public Administration, Wholesale Trade, and Information indicate a diverse economy. The 32.3-minute average commute time and high homeownership rate of 77.7% also contribute to a solid quality of life for residents. Additionally, the ethnic diversity with White, Hispanic, and White Non-Hispanic populations indicates a potentially vibrant community.
How does the local economy impact real estate investment in Round Lake Beach, IL? +
The employed population of 13,391 and top industries in Public Administration, Wholesale Trade, and Information suggest a stable job market, which can lead to increased demand for housing and rentals. The median property value of $144,600 and median property taxes of $6,553 also indicate a relatively affordable housing market, making it attractive for investors. Furthermore, the GINI coefficient of 0.371 and poverty rate of 11.2% suggest a relatively equal distribution of income, which can contribute to a stable and secure investment environment.
What are the key quality of life factors that impact investment in Round Lake Beach, IL? +
The average commute time of 32.3 minutes and top commute methods of driving alone, carpooling, and working from home indicate a relatively convenient and flexible transportation system. The health insurance coverage rate of 84.7% and median age of 30.5 also suggest a relatively healthy and young population, which can contribute to a stable and secure investment environment. Additionally, the high homeownership rate of 77.7% and median household income of $59,958 indicate a strong sense of community and investment in the area.
How does the demographic diversity of Round Lake Beach, IL impact investment potential? +
The top ethnicities of White, Hispanic, and White Non-Hispanic suggest a diverse and vibrant community, which can lead to increased demand for housing and rentals. The foreign born rate is not available, but the diversity of the population and the presence of top industries in Public Administration, Wholesale Trade, and Information indicate a potentially dynamic and growing economy. Furthermore, the median property value of $144,600 and median property taxes of $6,553 indicate a relatively affordable housing market, making it attractive for investors from diverse backgrounds.
What are the key investment insights for Round Lake Beach, IL based on the available data? +
The combination of a relatively low poverty rate of 11.2%, high health insurance coverage rate of 84.7%, and strong median household income of $59,958 suggests a stable and secure investment environment. The diverse economy with top industries in Public Administration, Wholesale Trade, and Information, and the high homeownership rate of 77.7% also contribute to a solid quality of life for residents and a potentially attractive investment opportunity. Additionally, the ethnic diversity and relatively affordable housing market indicate a potentially vibrant and growing community, making Round Lake Beach, IL an interesting location for real estate investment.

Round Lake Beach IL Real Estate & City Facts

Key facts and real estate information about Round Lake Beach IL.

What are some of the best neighborhoods to live in Round Lake Beach? +
Some of the best neighborhoods to live in Round Lake Beach include Rollins/Hawthorne, Round Lake Heights, Hainesville, Venetian Village, and Lake Villa. These neighborhoods offer a range of housing options, from affordable to upscale, and are known for their safety, good schools, and community amenities.
What are some fun things to do in Round Lake Beach? +
There are plenty of fun things to do in Round Lake Beach, including visiting the Lakefront Park, Country Walk Park, and Renwood Golf Course. You can also check out the Kristof's Entertainment Center, which offers bowling, laser tag, and an arcade. If you're looking for something more adventurous, you can try the Blarney Island water sports or take a scenic stroll through the Lake County Forest Preserves.
What is the food scene like in Round Lake Beach? +
The food scene in Round Lake Beach is diverse and offers a range of options to suit every taste and budget. Some popular restaurants include Taco's El Norte, Hibachi Grill & Supreme Buffet, and Tacos El Rey De Oro. You can also find contemporary American cuisine at restaurants like House of Fire and Four Coyne's Bar & Grill. There are also plenty of great food trucks and casual eateries serving everything from tacos to sushi.
What are the pros and cons of living in Round Lake Beach? +
The pros of living in Round Lake Beach include its affordable housing options, good schools, and community amenities like parks and recreation centers. However, some cons include the limited job opportunities and higher crime rates compared to other suburbs in the area. Additionally, the town can feel a bit quiet and sleepy, which may not be ideal for those who prefer a more vibrant and urban lifestyle.
Is Round Lake Beach a good place to live? +
Overall, Round Lake Beach is a good place to live for those who value affordability, safety, and a strong sense of community. While it may not offer the same level of excitement and entertainment as larger cities, it provides a comfortable and relaxed atmosphere that is ideal for families and individuals who want to escape the hustle and bustle of city life. With its beautiful parks, good schools, and diverse food scene, Round Lake Beach is definitely worth considering for those looking for a suburban lifestyle.
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