Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    516 Seymour Ave Mundelein, IL 60060

    Sponsored
    For Sale
    $300,000

    Prime Double Storefront, High Traffic Area

    Property size:
    5,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property, located at 516 N Seymour Avenue in the heart of Mundelein, Illinois, presents a unique investment opportunity. The property encompasses a substantial 5,500 square feet and features a double storefront configuration, spanning both 516 and 518 N Seymour Avenue. This prime location offers unparalleled visibility and accessibility, placing your business within easy walking distance of all that downtown Mundelein has to offer. The property is being sold "as is," providing a blank canvas for your vision and allowing for maximum flexibility in terms of renovation and customization. The building's size and dual storefront setup offer significant potential for a variety of commercial uses, from retail spaces to offices, or even a combination of both. The high foot traffic of this downtown location ensures excellent exposure for your business, maximizing its potential for success. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown area, offering a strong foundation for growth and profitability. The property sits on a lot with no acreage specified. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The asking price is $300,000.

    Property Features for 516 Seymour Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,500 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.00289
    Latitude
    42.27195

    Nearby Similar for Sale

    • $120,000

      Established Restaurant in Mundelein, IL

      Well-known Korean restaurant with indoor barbeque tables for sale.
      358 Townline Rd, Mundelein, IL 60060
      View Details
    • $1,645,000
      1,794 SF

      Automotive Repair Shop For Sale

      Net-leased automotive repair shop with long-term lease in Mundelein, IL.
      1079 W Maple Ave, Mundelein, IL
      View Details
    • Contact for pricing
      4,976 SF

      Bank Ground Lease Opportunity

      Long-term ground lease with rent escalations in Mundelein, Illinois.
      3196 W Il Rte, Mundelein, IL
      View Details
    • $1,450,000
      12,875 SF

      Mundelein Mixed-Use Investment Opportunity

      Fully equipped restaurant, convenience store, and residential units for sale.
      1116 Diamond Lk Rd, Mundelein, IL
      View Details
    • $280,000
      0.18 Acres

      Downtown Mundelein Commercial Property For Sale

      Double storefront in downtown Mundelein, walking distance to amenities.
      516 N Seymour Ave, Mundelein, IL 60060
      View Details
    • $14,974,000
      89,357 SF

      Mundelein Retail Investment Opportunity

      Retail property in thriving economy with national tenants.
      1501-1575 S Lake St, Mundelein, IL 60060
      View Details
    • $1,950,000
      31,600 SF

      Mundelein Warehouse with Large Parking

      31,600 SF warehouse with ample outdoor parking.
      404 Washington Blvd, Mundelein, IL 60169
      View Details
    • Contact for pricing
      60,025 SF

      Mundelein Industrial Property Near I-94

      Industrial property with convenient access to I-94 and Route 60.
      1040-1060 High St, Mundelein, IL 60060
      View Details
    • $3,250,000
      32,855 SF

      Mundelein Industrial Warehouse For Sale

      32,855 SF industrial warehouse with docks and drive-in doors.
      333 S Washington Ave, Mundelein, IL
      View Details
    • $3,250,000
      32,855 SF

      Mundelein Industrial Building - Prime Location

      Large industrial building, excellent access, expandable.
      333 Washington Blvd, Mundelein, IL 60060
      View Details
    • $779,900
      26,595 SF

      Mundelein Mixed-Use Office Building

      High-Yield Investment Opportunity: Fully Leased
      700 Lake St, Mundelein, IL 60060
      View Details
    • $1,950,000
      31,600 SF

      Prime Mundelein Industrial Building

      31,600 SF Warehouse, 2.38 Acres
      404 Washington Blvd, Mundelein, IL 60060
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Double Storefront, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 516 Seymour Ave Mundelein, IL.
    What is the asking price?
    The asking price for this property is $300,000.
    (847) 443-3700
    Request Owner's contact information
    516 Seymour Ave Mundelein, IL 60060
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516 Seymour Ave
    Mundelein, IL 60060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    516 Seymour Ave Mundelein, IL 60060
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.