Real Estate Agent Elmo Dowd

Elmo Dowd REALTOR®

(815) 520-3939
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1500 S Lake Street, Mundelein, IL 60060

$1,649,000
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  • 1500 S Lake Street, Mundelein, IL 60060 Main Photo

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Active
SQUARE FEET10,000 MLS#12403362
STATUSActive PROPERTY TYPECommercial - Retail
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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.

1500 S Lake Street | MLS# 12403362

This commercial property located at 1500 S Lake Street, Mundelein, IL 60060 is currently listed for sale with an asking price of $1,649,000. Search Mundelein real estate on elmo.bhhscrosby.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.84 Acres
Stories: 1.0
Taxes: $25,642
Year Built: 1976

Feature Descriptions

Current Use: Commercial
Electric: Circuit Breakers, Separate Meters
Fire Protection: Alarm On Site, Fire Extinguisher/s, Carbon Monoxide Detector(s)
HVAC: Central Heat/Indiv Controls, Forced Air
Lot Dimensions: 365.02 X 157.02 X 100
Number of Tenant(s): 2
Parcel#: 11313170060000
Parking: 31-50 Spaces
Tenant Pays: Air Conditioning, Electricity, Heat, Repairs, Sewer
Units: 4

Listed By / Shown By

Listed By

Agency Name: Listing Leaders Northwest, Inc
Agency Phone: 219-961-5478

Shown By

Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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