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    1501-1575 S Lake St Mundelein, IL 60060

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    For Sale
    $14,974,000

    Retail property in thriving economy with national tenants.

    Property size:
    89,357 SF
    Lot size:
    24.60 Acres

    Property Features for 1501-1575 S Lake St

    General Information

    Size
    89,357 SF
    Lot size
    24.60 Acres

    Source: Greenstone Partners - Corporate Agent Brewster Hague

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

    Overview

    Mundelein Retail Investment Opportunity

    This retail property is located in Mundelein, IL. The property is situated in a premium retail corridor and benefits from low Lake County taxes and a thriving economy. The location features strong demographics. The property is comprised of 89357 square feet and is occupied by service-oriented national tenants under net leases with outstanding weighted average lease terms remaining.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Patriots Plaza, Coinstar Kiosk Bitcoin Enabled, Coinstar Kiosk, Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -87.9929561
    Latitude
    42.2436445

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    FAQs

    What type of property is this?
    Shopping center - Retail property in thriving economy with national tenants.
    Where is this shopping center located?
    The property is located at 1501-1575 S Lake St Mundelein, IL.
    What is the asking price?
    The asking price for this property is $14,974,000.
    What are key features of this property?
    This property features: - Net Leases; - Outstanding WALT Remaining; - Service Oriented National Tenants
    (312) 614-1498
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    1501-1575 S Lake St 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
    1501-1575 S Lake St Mundelein, IL 60060
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