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

Property Image
SOLD

Illinois

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Retail190,000 SF
Sold 02/02/2026
the dealdetailscomps
Property Image
SOLD

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

400 East Rollins Road

See Similar Deals
Retail190,000 SF
Sold 02/02/2026
the dealdetailscomps

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:190,000 SF
Transaction Type:Sale

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.

Players

T
Target
BUYER

Details

SOLD
IMAGE: Michael Fiddelke DATE: 02/02/2026 ADDRESS: 400 East Rollins Road MARKET: Round Lake Beach ASSET TYPE: Retail ~ SF: 190,000 BUYER: Michael Fiddelke - Target (@Target) NOTE: Target acquired the long-vacant former Super Kmart at 400 E. Rollins Road in Round Lake Beach and plans to demolish the 190,000 SF building for a new 148,570 SF store. The purchase ends years of local frustration over the eyesore, with village officials noting the redevelopment as a priority, though no construction timeline has been announced.

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