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    331 Plz Cir Mundelein, IL 60060

    For Sale
    $286,000

    Land - Mundelein, IL

    Lot size:
    0.88 Acres
    Days on Market:
    56
    Last Refresh:
    Dec 7 at 3:06 am

    Property Features for 331 Plz Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    11301230010000
    Lot size
    0.88 Acres

    Building Details

    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Leah Erickson (815) 553-2406 License #475204597

    Listing date Oct 13, 2025

    MLS# 12462927 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 Growing Corridor

    This 0.88-acre commercial land is located in the heart of the rapidly growing Village Center in Mundelein, IL. Positioned adjacent to a large-scale residential development, the site benefits from built-in demand, daily traffic, and community visibility. The property is located just north of the City Government office and adjacent to the North Central Metra train station. Surrounded by residential development and a commercial corridor, this property is suitable for personal services, retail, or a restaurant. The property is available for purchase, ground lease, or as part of a larger commercial development project in collaboration with the Village of Mundelein through a potential public/private partnership. Its location within an active redevelopment zone and TIF District makes it attractive for retail, personal services, or mixed-use concepts seeking to align with the village's long-term growth strategy. The property is located in Lake County, with the postal code 60060.
    Property Profile 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 - Land suitable for retail, services, or mixed-use development.
    Where is this commercial land located?
    The property is located at 331 Plz Cir Mundelein, IL.
    What is the asking price?
    The asking price for this property is $286,000.
    What are key features of this property?
    This property features: - Adjacent to a large-scale residential development, providing strong built-in demand and immediate community visibility.; - Located in the heart of the Village Center, a rapidly growing corridor.; - Positioned next to the North Central Metra train station, offering excellent accessibility.
    (815) 553-2406
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    331 Plz Cir 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
    331 Plz Cir Mundelein, IL 60060
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