Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space Near High School Title is generated by Realmo AI

    1122-1162 W Maple Ave, Mundelein, IL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Renovated retail center with restaurant space available near highschool.

    Type:RETAIL
    Property size:
    1,637 SF
    Lot size:
    15.43 Acres
    Added:
    May 24, 2023
    Days on Market:
    1110
    Last Refresh:
    May 19 at 8:36 pm

    Property Features for 1122-1162 W Maple Ave

    General Information

    Standard status
    Active
    Size
    1,637 SF
    Lot size
    15.43 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1122-1162 W Maple Ave Contact us

    We can help!

    Listing Contact
    Hannah Scott

    Listing agent Hannah Scott

    Listing office Brixmor Property Group | Chicago

    Listing date May 24, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Brixmor Property Group | Chicago

    HighLights

    • Newly renovated center with Jewel‑Osco and Planet Fitness.
    • Located on Maple St, a major east/west artery, with high traffic volume (25,000+ vehicles daily).
    • Second Generation Restaurant Space Available.
    • Across from Mundelein High School with 2,000+ students.
    • High school students have open lunch.
    • Anchor tenants include Jewel‑Osco.

    Overview

    This newly renovated retail center is anchored by Jewel-Osco and Planet Fitness. The property is situated on Maple Street, a major east-west thoroughfare in Mundelein, experiencing a daily traffic volume exceeding 25,000 vehicles. It is located across from Mundelein High School, which has a student population of over 2,000, with open lunch policies for juniors and seniors. Second-generation restaurant space is available within the center. The available space measures 1,637 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Hawley Prospect Center — 521 E Hawley St, Mundelein, IL 60060
    • Hawley-Norton Plaza — Mundelein, IL 60060
    • Hawley Commons — 349 N Seymour Ave, Mundelein, IL 60060
    • Fair Haven Plaza — E Hawley St, Mundelein, IL 60060
    • Lake Plaza — Mundelein, IL 60060

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.004
    Latitude
    42.2631

    Nearby Similar for Lease

    • $7 SF/Yr
      30,000 SF

      Mundelein Warehouse with Restorable Docks

      30,000 SF warehouse with office space and convenient location.
      1700-1710 Butterfield Road, Mundelein, IL 60060
      View Details
    • $16 SF/Yr
      33,992 SF

      Mundelein Retail Space Available

      Retail spaces available in busy Mundelein shopping center.
      710 - 736 S. Butterfield Road, Mundelein, IL 60060
      View Details
    • Contact for pricing
      143,424 SF

      Grocery Anchored Retail Space Available

      Retail spaces for lease in busy Mundelein shopping center.
      1501 South Lake Street, Mundelein, IL 60060
      View Details
    • $1,777/Mo
      51,596 SF

      Mundelein Specialty Property for Rent

      Specialty property available for rent in Mundelein, Illinois.
      1065 East High Street, Mundelein, IL 60060
      View Details
    • $1,777/Mo
      2,031 SF

      Mundelein Flex Space Available

      Flex space in well-maintained brick building near I-94.
      308-312 Washington Blvd., Mundelein, IL
      View Details
    • $12 SF/Yr
      22,400 SF

      Multi-Tenant Facility Near I-94

      Well-maintained facility, 10 minutes from I-94 interchange, for lease.
      888 Tower Road, Mundelein, IL 60060
      View Details
    • $18 SF/Yr
      1,250 SF

      Retail Space in Mundelein, IL

      Retail space available for lease in Mundelein, Illinois.
      21200 Commercial Dr, Mundelein, IL
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available for lease in Mundelein, Illinois.
      1460-1492 Townline Rd., Mundelein, IL 60060
      View Details
    • $14 SF/Yr
      12,000 SF

      Retail Space on Townline Road

      Retail property available for lease with 12,000 square feet.
      401-421 W Townline Rd, Mundelein, IL
      View Details
    • $7 SF/Yr
      60,000 SF

      Mundelein Warehouse with Flexible Loading

      60,000 SF warehouse with convenient access and flexible loading.
      1700 S Butterfield Rd, Mundelein, IL
      View Details
    • $11 SF/Yr
      51,596 SF

      Renovated Warehouse Space Available

      Newly renovated warehouse space available for lease.
      300-324 Washington Blvd. | Mundelein, IL 60060, IL 60060
      View Details
    • Contact for pricing

      Corner Retail Space Available

      Retail space at a signalized intersection with high traffic.
      1474 Butterfield Rd, Mundelein, IL 60060
      View Details

    FAQs

    What type of property is this?
    Shopping center - Renovated retail center with restaurant space available near highschool.
    Where is this shopping center located?
    The property is located at 1122-1162 W Maple Ave Mundelein, IL.
    What are key features of this property?
    This property features: Newly renovated center with Jewel‑Osco and Planet Fitness.; Located on Maple St, a major east/west artery, with high traffic volume (25,000+ vehicles daily).; Second Generation Restaurant Space Available.
    (847) 272-9800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hannah Scott
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1122-1162 W Maple Ave, Mundelein, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!