20922 W Il Route 176 Route
Mundelein, IL, 60060 $ 1,500,000
Bedrooms-- Baths-- Sq 1,725 Monthly Estimate*
$ 9,236
for $1,500,000. This 1,725 square foot building was built in 1951 on a lot size of 3.13.
Prime Commercial Mixed-Use Opportunity | 2.91 Acres | Mundelein, IL | $1,500,000 Rarely does a commercial opportunity this well-positioned come to market. Situated at the highly visible intersection of Route 176, Route 60/83, and Schank Road in Mundelein, Illinois, this 2.91-acre commercial mixed-use property offers an exceptional combination of location, flexibility, and immediate livability. With IDOT-reported daily traffic counts averaging 15,000 to 20,000 vehicles, your business will enjoy outstanding visibility and consistent exposure in one of the area's most sought-after corridors. The surrounding community boasts a median household income exceeding $108,000, reflecting a strong and affluent customer base ready to support your venture. Positioned at the heart of one of Lake County's fastest-growing markets, this property is surrounded by new and expanding residential subdivisions bringing a steady influx of new households-and new customers-directly to your doorstep. The area's rapid residential growth is matched by a thriving and expanding retail corridor nearby, with shopping, dining, and service businesses continuing to grow and attract even more traffic to the region. Getting in now means positioning your business ahead of the curve as the community continues to flourish. The commercial mixed-use zoning unlocks a wide range of possible uses-including car wash, fast food, landscaping operations, and much more-making this an ideal canvas for a variety of entrepreneurial visions. Adding to the property's versatility is a residential home that provides the perfect live-and-work setup. The home features two generously sized bedrooms, a full kitchen, a large bathroom, and an unfinished full basement with laundry-offering ample room to expand and customize. A large garage adjacent to the home provides convenient storage for vehicles and equipment. The separate office building allows you to work right by your home and literally walk a few steps home. Whether you're an owner-operator looking to plant roots, an investor seeking high-visibility commercial land, or an entrepreneur ready to build your next venture-this property checks every box. Seize this rare opportunity to own a high-traffic, strategically located commercial asset right in the path of Mundelein's exciting growth.
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FeaturesGeneralCooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Zoning COMMR
Year Built 1951
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Other
Stories Count 1
Tax Year 2024
Current Use Commercial
Gross Income 2500
County Lake
Net Operating Income 0
Operating Expense 0
Insurance Expense 3000
Property Type Commercial Sale Mixed Use
Status New
Directions Illinois Route 176 to the property. Property is located at Route 176 and Schank Avenue. Just past muffler shop.
City Mundelein
Number Of Units Total 1
MLS Area Ivanhoe / Mundelein
Lot Size Square Feet 136343
Tax Annual Amount 22475
Electric Expense 1200
Fuel Expense 1400
Trash Expense 80
Water Sewer Expense 800
Additional Parcels Y/N N
Standard Status Active
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ExteriorBuilding Area Total 1725
Lot Dimensions 405.2 X 244.8 X 284.4 X 119.9 X35.9 X 132.4
Frontage Type State Road
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* Excluded FeaturesList ByLaurie.Caputo22@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,236
- Monthly Property Taxes
- $1,873
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyCommerical listings in Mundelein, IL
Average List Price $1,690,429
Percent of Sale Price 13%
About Mundelein, IL 31,473 Population
3% Since 2002
$ 78,973 Median Income
38 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/12/2026 | $1,500,000 | | Listed Price |