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    500 N Lake St Mundelein, IL 60060

    For Lease
    $30 SF/Yr

    Commercial Lease - Mundelein, IL

    Days on Market:
    142
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 500 N Lake St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1964
    Number of units
    10
    Flooring type
    Carpet
    Architectural style
    Other

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

    Listing agent Octavio Martinez (847) 495-5000 License #475142358

    Listing date Jul 25, 2025

    MLS# 11839602 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 Office Space For Lease

    Located in Mundelein, Illinois, this commercial space offers an office or business location. The available office spaces are situated on the second floor of the building. Unit 1 offers 375 square feet of space. The property features ample parking with two entrances and is conveniently located off of Route 45, benefiting from high traffic and visibility. The building includes 10 units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.004448
    Latitude
    42.27171

    Nearby Similar for Lease

    • $18 SF/Yr

      Mundelein Office Space For Lease

      720 sq ft office space available in Mundelein, IL.
      500 N Lake St, Mundelein, IL 60060
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    • $30 SF/Yr

      Mundelein Office Space For Lease

      Office space available in Mundelein, high visibility location.
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    • $25 SF/Yr

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      500 N Lake St, Mundelein, IL 60060
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    • $25 SF/Yr

      Mundelein Office Space For Lease

      Office space available in Mundelein, high visibility location.
      500 N Lake St, Mundelein, IL 60060
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    • $25 SF/Yr

      Mundelein Office Space For Lease

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      500 N Lake St, Mundelein, IL 60060
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    FAQs

    What type of property is this?
    Office space - Office spaces available in Mundelein with high visibility.
    Where is this office space located?
    The property is located at 500 N Lake St Mundelein, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location off Rt 45 with high traffic.; - Ample parking available in front and rear of building.; - Suitable for office or business use.
    (847) 495-5000
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    500 N Lake St 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
    500 N Lake St Mundelein, IL 60060
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