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    340-372 Townline Rd Mundelein, IL

    For Lease
    $14 SF/Yr ($7,000 /Mo)

    Retail and restaurant spaces available in busy Mundelein location.

    Property size:
    6,000 SF
    Lot size:
    19.27 Acres

    Property Features for 340-372 Townline Rd

    General Information

    Size
    6,000 SF
    Lot size
    19.27 Acres

    Source: Matanky Realty Group Agent Scott Levinson

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

    Overview

    Retail Space in High-Traffic Area

    Located at 350-372 Townline Road in Mundelein, Illinois, this property offers retail and restaurant spaces within a grocery shadow-anchored shopping center. The location benefits from high visibility and an oversized parking lot, attracting significant foot and vehicle traffic. A 12,000-square-foot anchor space is available for lease, marking its first availability in 20 years. Additional flexible space options range from 1,050 to 12,000 square feet. The property is anchored by a Dollar General store and shadow-anchored by a Garden Fresh Market grocery store. The property is adjacent to a well-known sausage shop. The available space is suitable for retail, restaurant, or service-based businesses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Hawley Prospect Center, Hawley-Norton Plaza, Hawley Commons, Fair Haven Plaza, Lake Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.0039653
    Latitude
    42.263079

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    FAQs

    What type of property is this?
    Shopping center - Retail and restaurant spaces available in busy Mundelein location.
    Where is this shopping center located?
    The property is located at 340-372 Townline Rd Mundelein, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - 12,000 SF anchor space available for lease for the first time in 20 years.; - Shadow-anchored by garden fresh market grocery.; - Anchored by busy dollar general store.
    (317) 501-0247
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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
    340-372 Townline Rd Mundelein, IL
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