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Second-Floor Office Suite
For Lease
$19.39 SF/Yr

9-500 N Lake St, Mundelein, IL 60060

Second-floor office suite within a 10-unit building offering ample front and rear parking.

Space SizeContact for details
Days on Market1183

Property Features for 9-500 N Lake St

General Information

Standard status Active

Additional Details

Office Units 10

Building Details

Tenancy Multi
Listing Agency: HomeSmart Connect LLC
Listed By: Octavio Martinez · License #475142358
Source: Exprealty
Added: Jul 27, 2023 Changed: Oct 15 Last Checked: Oct 20 at 10:45PM

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 HomeSmart Connect LLC

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This second-floor office suite is available within a 10-unit commercial building. The space is configured for office use and is accessed through two building entrances.

The property is located off of Rt 45 and is described as having high traffic for visibility. Ample parking is provided in both the front and rear of the building.

Tenants looking for a compact, self-contained office option within a multi-unit facility should find this layout practical given the dedicated second-floor placement and on-site parking.

Key Highlights

  • Unit 9: 495 sq ft second‑floor office suite in a 10‑unit building
  • Offices are located on the 2nd floor
  • Ample parking in front and at the rear of the building

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Daycare Center Storage Facility Locksmith Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Office units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.91 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby

Demographics for 60060, IL

37,599
Population
13,827
Households
2.7
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
23.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$110,463
Median Household Income
$52,550
Median Earnings
$1,552
Median Rent
$299,200
Median Home Value

Market

Lease Benchmarks for Mundelein, IL

$24 /SF/Yr
Avg Asking Price
$18–$30 /SF/Yr
Price Range
459 SF
Avg Space Size

This space is priced 19% below the average of $24 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Second-floor office suite within a 10-unit building offering ample front and rear parking.
Where is this office unit located?
The property is located at 9-500 N Lake St Mundelein, IL.
What is the lease rate?
The lease rate is $19.39 SF/Yr.
What are key features of this property?
This property features: Unit 9: 495 sq ft second‑floor office suite in a 10‑unit building; Offices are located on the 2nd floor; Ample parking in front and at the rear of the building
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