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    427 E Il Rte, Unit 83 Mundelein, IL 60060

    Picture of Commercial land at E Il Rte 427, Mundelein, IL
    For Sale
    $349,900

    Land - Mundelein, IL

    Lot size:
    1.00 Acre
    Days on Market:
    249
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 427 E Il Rte

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    15061030070000
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Cameron Mortezaie (847) 495-5000 License #475168745

    Listing date Apr 10, 2025

    MLS# 12318220 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

    Mundelein Commercial Development Opportunity

    This commercial land in Mundelein, Illinois, presents a development opportunity with potential seller financing. The site benefits from existing sewer infrastructure. Flexible development options are available. Contact Mundelein Village for zoning details and to explore purchase or lease options. The lot size is 1 acre.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -87.998178
    Latitude
    42.237766

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land in Mundelein with seller financing available.
    Where is this commercial land located?
    The property is located at 427 E Il Rte, Unit 83 Mundelein, IL.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Prime location for commercial development.; - Seller financing available.; - Existing sewer infrastructure in place.
    (847) 495-5000
    Request Owner's contact information
    427 E Il Rte, Unit 83 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
    427 E Il Rte, Unit 83 Mundelein, IL 60060
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