700 N Lake Street Mundelein, IL ^$ 790,000

700 N Lake Street

^$ 790,000

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700 N Lake Street

Mundelein, IL, 60060

^$ 790,000

Studio Baths0.0

Monthly Estimate*

^$ 5,518

700 N Lake Street, Mundelein, IL 60060 - Image 1

Studio

Commercial Property for sale in Mundelein, IL

for $790,000. This building was built in 1979 on a lot size of 1.77323.

Brick 2-story office building with over 16,000 sf of space. Corner lot on major roadways with curb cuts to Route 45 and 176. First floor offers 2 office suites, public restrooms, and kitchen area. Second floor has 7 office suites and public restrooms. All units are rented out. Building also has a lower level that offers a community room and 2 potential office suites, plus public restrooms and storage room. Newer roof. Newer windows. The parking lot repaved in 2019. Tenants pay for their percentage of utilities, water, trash, landscaping/snowplowing, common area maintenance.

Commercial Active

Price

^$ 790,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 31,152

Style

Commercial

Lot Size

1.77323

Year Built

1979

Town/City

Mundelein

County/Region

Lake

MLS | Web ID

11985588

Features

General

Cooling Central Individual

Roof Membrane

Zoning COMMR

Construction Materials Brick

Year Built 1979

Electric Separate Meters

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Repairs Scavenger Sewer

Stories 2

Township Fremont

Property SubType Mixed Use

Tax Year 2022

Current Use Commercial

Gross Income 0

County Lake

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status Active

Directions NW corner of Route 45 (Lake) and Route 176 (Maple Ave)

City Mundelein

Total Units 12

MLS Area Ivanhoe / Mundelein

Lot Size Square Feet 77242

Street Name Lake

Tax Annual Amount 31152.2

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N Y

Days on Market 12

Standard Status Active

Interior

Flooring Carpet Tile Varies

Street Suffix Street

Exterior

Lot Dimensions 165.94X213.28X217X192.86

Exterior Brick

* Excluded Features

List By

Century 21 Circle

Broker

c21bbrua@gmail.com

Affordability Calculator

$8,114

Per Month

Monthly Principal & Interest: $5,518
Monthly Property Taxes: $2,596
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Mundelein, IL

Average List Price ^$769,429

Percent of Sale Price 3%

About Mundelein, IL

31,473 Population

3% Since 2002

^$78,973 Median Income

38 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/1/2024	$790,000		Listed Price

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700 N Lake Street, Mundelein, IL, 60060 is a Commercial Property for sale at $790,000 with a lot size of 1.77323. 700 N Lake Street is a studio with 0.0 baths and was built in 1979. The property's zip code is 60060 which is in Mundelein, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/27/2024.

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700 N Lake Street

Commercial Property for sale in Mundelein, IL

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