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    799 Us Hwy 45 Hwy Mundelein, IL 60060

    Sponsored
    For Sale
    $800,000

    Established Eatery, High Traffic Area

    Property size:
    3,503 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,503 square foot commercial property, situated at 799 E US Highway 45 in Mundelein, Illinois, presents a unique investment opportunity. Boasting a highly desirable location near the intersection of Route 83 and US Highway 45, this property benefits from significant daily traffic volume. The existing structure has housed a successful restaurant for over four decades, providing a proven track record and established clientele. The building itself offers ample space, exceeding 3,500 square feet above grade, complemented by additional basement storage and freezer space. The property includes a substantial 42-space parking lot, a significant asset in this high-traffic area. The 0.51-acre lot provides flexibility for future development or expansion. The well-equipped kitchen is a key feature, including a walk-in freezer, upright oven, gas stove and deep fryer, ice machine, dishwasher, triple sink basin, prep station, and further dry storage in the basement. This property offers multiple avenues for potential investors, from continuing the established restaurant and bar operation to pursuing redevelopment opportunities. The combination of a prime location, existing infrastructure, and substantial parking makes this a truly compelling investment prospect. The asking price is $800,000.

    Property Features for 799 Us Hwy 45 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,503 SF

    Building Details

    Year Built
    1965
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -87.99268
    Latitude
    42.23524

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    FAQs

    What type of property is this?
    Commercial real estate - Established Eatery, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 799 Us Hwy 45 Hwy Mundelein, IL.
    What is the asking price?
    The asking price for this property is $800,000.
    (630) 377-1855
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    799 Us Hwy 45 Hwy 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
    799 Us Hwy 45 Hwy Mundelein, IL 60060
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