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    3400 W Il Rte, Unit 60 Mundelein, IL

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    For Lease
    Contact for pricing

    Commercial land available near residential and apartment developments.

    Lot size:
    6.00 Acres

    Property Features for 3400 W Il Rte

    General Information

    Lot size
    6.00 Acres

    Source: Mid-America Real Estate Group Agent Liz Krebs

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

    Overview

    Commercial Land Near Residential Development

    This commercial land benefits from its proximity to several residential developments. The Del Webb Grand Dominion development, located just south of Mundelein Crossings, includes approximately 700 residential units. A new Lennar townhome development with 150 units is currently under construction just north of the property. Downtown Mundelein added approximately 200 apartment units in 2019. Additionally, Pulte is planning to build 187 single-family homes immediately across the street, with construction scheduled to begin in the spring of 2021. The property offers 5 parking spaces per 1,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.0039653
    Latitude
    42.263079

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    FAQs

    What type of property is this?
    Land - Commercial land available near residential and apartment developments.
    Where is this land located?
    The property is located at 3400 W Il Rte, Unit 60 Mundelein, IL.
    What are key features of this property?
    This property features: - High parking ratio: 5 spaces per 1,000 sf; - Located near Del Webb Grand Dominion (±700 residential units); - New Lennar townhome development (150 units) nearby
    (630) 954-7300
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    3400 W Il Rte, Unit 60 Mundelein, IL
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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
    3400 W Il Rte, Unit 60 Mundelein, IL
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