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1500 S Lake Street Mundelein, IL $ 1,649,000
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$ 1,649,000 Get more info
1500 S Lake Street
$ 1,649,000
Back to search
Share Save

1500 S Lake Street

Mundelein, IL, 60060
$ 1,649,000
Bedrooms-- Baths-- Sq 10,000

Monthly Estimate*

$ 10,288

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Commercial Property for sale in Mundelein, IL

for $1,649,000. This 10,000 square foot building was built in 1976 on a lot size of 0.835904.

| 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.

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Commercial Active

Price

$ 1,649,000

Property Type

Commercial

Taxes

$ 25,642

Style

Retail

Lot Size

0.835904

Year Built

1976

Town/City

Mundelein

County/Region

Lake

MLS | Web ID

12403362
Features
General
Cooling Central Air
Zoning RTAIL
Year Built 1976
Electric Circuit Breakers Separate Meters
Tenant Pays Air Conditioning Electricity Heat Repairs Sewer
Stories Count 1
Tax Year 2024
Current Use Commercial
Business Type Retail
Assoc Fee Paid Per Annually
County Lake
Net Operating Income 113457
Insurance Expense 3246
Property Type Commercial Sale Retail/Stores
Status Active
Directions From IL-60 & IL-83: S on IL-83 (S Lake St) approx 1.5 mi to property on W side of street.
City Mundelein
Number Of Units Total 4
MLS Area Ivanhoe / Mundelein
Lot Size Square Feet 36412
Tax Annual Amount 25642
Additional Parcels Y/N N
Leasable Area 10000
Standard Status Active
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Exterior
Building Area Total 10000
Lot Dimensions 365.02 X 157.02 X 100
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* Excluded Features
List By
Listing Leaders Northwest, Inc

Broker

jhbatliner@gmail.com;jbatliner@ajcommercialgroup.com

Email

Affordability Calculator

$12,424
Per Month
83%
17%
0%
Monthly Principal & Interest
$10,288
Monthly Property Taxes
$2,137
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
6/27/2025$1,649,000 Listed Price

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1500 S Lake Street, Mundelein, IL, 60060 is a Commercial Property for sale at $1,649,000 with 10,000 sqft and a lot size of 0.835904. 1500 S Lake Street was built in 1976. The property's zip code is 60060 which is in Mundelein, IL

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