Michael Fiddelke Of Target Acquires Former Super Kmart In Round Lake Beach For Redevelopment

The property involved in this transaction is a retail asset located at 400 East Rollins Road in Round Lake Beach, comprising a total of 190,000 square feet. Target has acquired the long-vacant former Super Kmart property and plans to demolish the existing structure to build a new store measuring 148,570 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Square Footage: 190,000
• Address: 400 East Rollins Road
• Market: Round Lake Beach
• Buyer: Michael Fiddelke - Target

This transaction marks an important development in the local area, as the acquisition addresses years of community concerns regarding the previous vacant property. Village officials have recognized the redevelopment as a priority, although there is currently no announced timeline for construction.