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Round Lake Park, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Round Lake Park, Illinois Market population: 7K. 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 Park IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Round Lake Park IL Properties: 3.2000%

πŸ“Š Average Income For Round Lake Park IL Commercial Property: $41,179

Investor Questions For Round Lake Park IL

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

What's the overall investment potential of Round Lake Park, IL? +
The 13.6% poverty rate and 88.2% health insurance coverage suggest a relatively stable market, while the $41,179 median household income and 83.9% homeownership rate indicate a strong foundation for property values, with the top industries in Public Administration and Finance & Insurance driving local economic growth.
How does the local economy impact rental yields in Round Lake Park? +
The employed population of 2,984 and top industries in Finance & Insurance, and Real Estate & Rental & Leasing, contribute to a stable rental market, with the 30.1-minute average commute time and 88.2% health insurance coverage suggesting reliable tenants, and the median property value of $142,800 providing a solid basis for rental yields.
What role does ethnic diversity play in the local real estate market? +
The diverse population with 39.1% White, 24.5% White Non-Hispanic, and 23.5% Hispanic residents contributes to a vibrant community, with the 17.6% foreign born rate indicating a potential for international investment, and the $41,179 median household income and 0.351 GINI coefficient suggesting a relatively equitable distribution of wealth.
How do quality of life metrics impact market stability in Round Lake Park? +
The 30.1-minute average commute time, with 88.2% health insurance coverage, and low violent crime rate of 0.35 per 1,000 residents, suggest a high quality of life, which, combined with the 83.9% homeownership rate and $142,800 median property value, indicates a stable market with strong potential for long-term appreciation.
What are the key factors influencing property appreciation in Round Lake Park? +
The combination of a relatively low poverty rate of 13.6%, high health insurance coverage of 88.2%, and strong homeownership rate of 83.9%, along with the diverse economy driven by Public Administration, Finance & Insurance, and Information industries, suggests a solid foundation for property appreciation, with the median property value of $142,800 and median property taxes of $2,251 providing a stable basis for investment.

Round Lake Park IL Real Estate & City Facts

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

What are some of the best neighborhoods to live in Round Lake Park? +
Some of the best neighborhoods to live in Round Lake Park include the southeast parts of the city, which tend to be more desirable, and the southwest regions, which offer more affordable homes. According to Nextdoor, Round Lake Park is a quiet, family-friendly neighborhood known for its cleanliness and safety. Other sources mention Grayslake, Lindenhurst, and Gurnee as nice areas for families with plenty of parks.
What are some fun things to do in Round Lake Park? +
There are plenty of fun things to do in Round Lake Park, including visiting Kristof's Entertainment Center, which offers go-karts, bowling, mini golf, arcade games, and batting cages. You can also explore the Lakefront Park, Country Walk Park, or check out the Renwood Golf Course. For some unique dining experiences, head to Smokin Jack's BBQ or Rail House Bar & Grill.
What is the food scene like in Round Lake Park? +
The food scene in Round Lake Park is diverse and offers a range of options. You can find traditional Italian cuisine at Galati Pizza or try some delicious BBQ at Smokin Jack's BBQ. The Pizza Place and AJ's Bar are also popular spots for food and drinks. There are also plenty of great food trucks and restaurants in the area, such as Cooper's Hawk Winery & Restaurant and Bill's Pizza & Pub North.
What are the pros and cons of living in Round Lake Park? +
The pros of living in Round Lake Park include its quiet and family-friendly atmosphere, plenty of parks and outdoor spaces, and a range of dining and entertainment options. However, some cons include the limited public transportation options and the need for a car to get around. Additionally, some areas of the city may have higher crime rates or less desirable housing options. Overall, Round Lake Park is a great place to live for those who value a close-knit community and easy access to outdoor activities.
Is Round Lake Park a good place to live? +
Round Lake Park can be a great place to live, depending on your individual preferences and priorities. It offers a unique blend of small-town charm and access to bigger city amenities. While it may not be the best fit for everyone, particularly those who rely on public transportation or prefer a more urban lifestyle, it is definitely worth considering for those who value a family-friendly atmosphere and plenty of outdoor activities. With its diverse range of neighborhoods, dining options, and entertainment venues, Round Lake Park has something to offer for everyone.
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