1800 Circuit Dr — Sale in Round Lake Beach, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Round Lake Beach, IL 60073
  • Year built: 1987

Investment Figures

Cap rate
7.33%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the sale offering of 1800 Circuit Drive, a multi-tenant small-bay industrial investment opportunity in Round Lake Beach, Illinois. The property is located in a tight industrial market with limited supply and minimal vacancy for class B and C product sub-30,000 square feet. Located 7.5 miles from I-94, the property is an hour away from both Milwaukee and Chicago via car. The subject property consists of ±10,900 square feet that make up 4 units with 4 separate tenants. Unit A is a ±3,400 square foot building separate from units B, C, and D, which are equally divided within a ±7,500 square foot building. Each unit contains a drive-in door; unit B has an additional drive-in door and unit A has an exterior loading dock. The purchase of this offering provides investors with an opportunity to acquire a stabilized cash-flowing, multi-tenant industrial asset in Lake County Illinois, supported by strong industrial fundamentals and low vacancy rate. At the current list price of $1,100,000 the investment offering generates an in-place net operating income of $80,587, which equates to a capitalization rate of 7.33%. Investment Highlights: • Stabilized multi-tenant small-bay industrial investment opportunity • 0.7% vacancy rate of Class B & C industrial product within a 3-mile radius (CoStar) • New roof completed in 2024 with 20-year warranty • 4.00% annual rental escalations • Strong demographics | $113,000+ average household income within 5-mile radius

Market Context

This industrial in Round Lake Beach, IL is listed for sale. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1987. It has been on the market for 100 days. Compare it against other industrial listings for sale in Round Lake Beach, IL — view the full market.

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