324 N Lake Street Mundelein, IL $ 495,000
324 N Lake Street
$ 495,000
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324 N Lake Street

Mundelein, IL, 60060
$ 495,000
Bedrooms-- Baths-- Sq 5,555
324 N Lake Street, Mundelein, IL 60060 - Image 1
324 N Lake Street, Mundelein, IL 60060 - Image 2
324 N Lake Street, Mundelein, IL 60060 - Image 3
324 N Lake Street, Mundelein, IL 60060 - Image 4
324 N Lake Street, Mundelein, IL 60060 - Image 5
324 N Lake Street, Mundelein, IL 60060 - Image 6
324 N Lake Street, Mundelein, IL 60060 - Image 7
324 N Lake Street, Mundelein, IL 60060 - Image 8
324 N Lake Street, Mundelein, IL 60060 - Image 9
324 N Lake Street, Mundelein, IL 60060 - Image 10
324 N Lake Street, Mundelein, IL 60060 - Image 11

Property for Rent in Mundelein, IL

for $495,000. This 5,555 square foot property was built in 1967 on a lot size of 0.424059.

Excellent opportunity to own a standalone commercial property in a high-visibility, high-traffic location on North Lake Street in the heart of Mundelein. This versatile property features two lots (front and rear), offering a rare combination of retail/office exposure in the front with functional warehouse capability in the rear, along with future redevelopment potential. Key Highlights: Standalone building - ideal for owner-users or investors Prime main road frontage with strong visibility and traffic Dual-lot configuration providing flexibility and added value Rear area supports warehouse use, including truck-accessible loading capability Suitable for distribution, storage, contractor use, light industrial, or mixed-use operations Front portion ideal for retail, office, medical, cafe, or bakery (subject to zoning) Rear lot can be utilized for loading, parking, storage, or expansion Strong redevelopment opportunity - potential for multi-family or apartment development (subject to zoning and municipal approvals) This property is ideal for business owners seeking visibility with operational functionality, as well as developers looking to capitalize on land and location. Bring your vision-retail, bakery, office, warehouse, or future residential development-and unlock the full potential of this highly flexible site. Drive by today and explore the possibilities.

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Rental Active

Price

$ 495,000

Taxes

$ 9,825

Style

Automotive,Medical/Dental

Lot Size

0.424059

Year Built

1967

Town/City

Mundelein

County/Region

Lake

MLS | Web ID

12353142

Features
General
Cooling None
Zoning COMMR
Year Built 1967
Electric Other
Stories Count 1
Tax Year 2023
Current Use Automotive Medical/Dental
Additional Parcels Description 10252060060000
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status New
Directions south on Route 45 close to W Hawley St. across Walgreens
City Mundelein
Number Of Units Total 1
MLS Area Ivanhoe / Mundelein
Lot Size Square Feet 18472
Tax Annual Amount 9825.84
Additional Parcels Y/N Y
Leasable Area 5555
Lease Type Modified Gross
Standard Status Active
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Exterior
Building Area Total 5555
Lot Dimensions 336x55
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* Excluded Features
List By
Re/Max Sawa

Broker

mhafeezh@gmail.com; hafeez.haroon@remax.net

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/12/2026$495,000 Listed Price

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324 N Lake Street, Mundelein, IL, 60060 is a Property for Rent at $495,000 with 5,555 sqft and a lot size of 0.424059. 324 N Lake Street was built in 1967. The property's zip code is 60060 which is in Mundelein, IL