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Listed price in listed location currency (USD).
$1,649,000

000

MLS® 12403362

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $25,642
Days Active 242
Approx. Age 1976
MLS® Number 12403362

Property Address: 1500 Lake St, Mundelein, IL, 60060-4255

Average square foot calculated using Size range provided by listing agent.

Description

| 2 Units Vacant | Pro Forma Cap Rate: 8.80. This high-visibility retail center features four 2, 500 SF suites, with flexible design allowing two units to be easily combined into a spacious 5, 000 SF layout. Located in a thriving retail corridor with over 26, 000 vehicles passing daily, the property offers prime exposure for both national tenants and local operators. Two units are currently vacant, offering immediate upside through lease-up. An eye-catching marquee sign enhances tenant visibility, while abundant parking and easy access drive consistent customer flow. Surrounded by restaurants, retailers, and service providers, this site offers a dynamic environment for sustained tenant success. Perfect for investors seeking a stabilized asset with lease-up potential and long-term upside.
MLS® Number12403362
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1976
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 27, 2025List Date
$1,649,000List Price
  • Commute

Commute

Starting Address
Destination Address
1500 Lake St, Mundelein, IL

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