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$ 1,649,000
Est. payment /mo
New
1500 S Lake ST Mundelein, IL 60060
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $164
MLS Listing ID 12403362
Year Built 1976
Annual Tax Amount $25,642
Tax Year 2024
Lot Dimensions 365.02 X 157.02 X 100
Property Sub-Type Retail/Stores
Property 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.
Location
State IL
County Lake
Area Ivanhoe / Mundelein
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Joseph Batliner • Listing Leaders Northwest, Inc
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