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Unit 6 Second-Floor Office Suite
For Lease
Contact for pricing

500 N Lake Street, Mundelein, IL 60060

COMMERCIAL - Mundelein, IL

Space Size375 SF
Days on Market1111

Property Features for 500 N Lake Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning OFFIC
Directions North on Route 45 to Park St., Left on Park St. to parking lot of building.
Subdivision Ivanhoe / Mundelein
Standard status Active

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1964
Floors in Building 2
Number of units 10
Building materials Brick
Listing Agency: HomeSmart Connect LLC · HomeSmart International
Listed By: Octavio Martinez · License #475142358
Added: Jul 27, 2023 Changed: Aug 4 Last Checked: Aug 10 at 3:06AM
MLS# 11844691

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

UNIT 6 offers 375 sq ft of office space on the 2nd floor within a brick building. The building has 10 units available, with office spaces all located on the 2nd floor. Cooling is provided by window unit(s). The property features two entrances and ample parking in front and at the rear of the building.

500 N Lake Street is conveniently located off Rt 45 in Mundelein, IL. The setting is described as having high traffic for visibility, making the location suitable for business use needing strong drive-by presence.

Zoning is listed as OFFIC.

Key Highlights

  • Unit 6 includes 375 sq ft of office space
  • Office spaces are located on the 2nd floor
  • Building has 10 units available

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Catering Service Pet Grooming Service Florist Locksmith (Bike/Boat/Book/etc) Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

717
Businesses Nearby

Demographics for 60060, IL

37,599
Population
13,827
Households
2.7
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
23.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$110,463
Median Household Income
$52,550
Median Earnings
$1,552
Median Rent
$299,200
Median Home Value

Market

Lease Benchmarks for Mundelein, IL

$24.24 /SF/Yr
Avg Asking Price
$19.39–$30.47 /SF/Yr
Price Range
7,668 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Unit 6 second-floor office suite in brick building with ample parking, two entrances, and window AC.
Where is this office units located?
The property is located at 500 N Lake Street Mundelein, IL.
What are key features of this property?
This property features: Unit 6 includes 375 sq ft of office space; Office spaces are located on the 2nd floor; Building has 10 units available
More about this property
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