You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Commercial real estate

404 Washington Blvd Mundelein, IL 60060

1.42 ac lot
Entity Owned ~ Est. High Equity
Property ID
US28-1316000
Property summary
AI-generated overview

This exceptional 31,600 square foot industrial building, situated on a generous 2.38-acre lot in Mundelein, Illinois, presents a compelling investment opportunity. The property boasts a well-maintained structure with ample parking, specifically designed for outside storage and truck parking. The building's layout is highly functional, incorporating 21% office space and the remaining area dedicated to warehouse operations. Key features include a loading dock equipped with a leveler, a 10-foot drive-in door, and substantial heavy power capacity. The column spacing is 28 feet, offering flexibility for various layouts and configurations. Its strategic location provides excellent access to major transportation arteries, including a convenient 4.5-mile proximity to the I-94 & Townline Road interchange. Additional access is readily available via Hawley/Route 176, Lake Street, Route 45, Route 60, and Route 83. The property's versatility allows for either full occupancy by a single owner-user or subdivision into smaller units to generate additional rental income. Recently under new ownership, the building has undergone a complete renovation, ensuring modern functionality and efficiency. This property represents a rare opportunity to acquire a high-quality industrial asset in a desirable location with significant potential for growth and return on investment. The asking price is $1,950,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.42 ac (61,855 SF)
APN 11-30-401-054
UPID US28-1316000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.16M
Owner & transaction history
404 Washington LLC
404 Washington LLC
since 2025
Last sale
$1.5M
7 recorded transactions
2025
$1.5M
2023
Price N/A
2023
$700,000
2014
Price N/A
2001
Price N/A
1999
$466,667
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message