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    20924 W Park Ave Mundelein, IL 60060

    Sponsored
    For Sale
    $1,111,000

    Land - Mundelein, IL

    Days on Market:
    123
    Last Refresh:
    Jan 10 at 1:06 pm

    Property Features for 20924 W Park Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    10231030050000

    Building Details

    Architectural style
    Other

    Real Broker LLC (630) 439-6385 [email protected]

    Listing agent Robb Satten (217) 960-8605 License #475101369

    Listing date Sep 10, 2025

    MLS# 12316297 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land in Mundelein, IL

    This commercial land is located in the Mundelein/Ivanhoe area and is zoned COMMR. The property is positioned at a signaled location, making it suitable for quick service restaurants. It is located across from Starbucks and near a shopping center anchored by Home Depot and Target. The property is also a few minutes away from a master plan development community featuring over 3,200 homes, townhomes, stores, and apartments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Nail Salon Clothing Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.0352
    Latitude
    42.2666

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    FAQs

    What type of property is this?
    Commercial land - Signaled corner location near retail and upcoming residential development.
    Where is this commercial land located?
    The property is located at 20924 W Park Ave Mundelein, IL.
    What is the asking price?
    The asking price for this property is $1,111,000.
    What are key features of this property?
    This property features: - Prime location in the Mundelein/Ivanhoe area ideal for Quick Service Restaurants (QSR).; - Located across from Starbucks, offering high traffic and visibility.; - Proximity to a new Master Plan development Community with over 3,200 homes/Town Homes, stores, and apartments.
    (847) 875-8201
    Request Owner's contact information
    20924 W Park Ave Mundelein, IL 60060
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    Mundelein, IL 60060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20924 W Park Ave Mundelein, IL 60060
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