Second-Floor Office
For Lease
$25 SF/Yr
500 N Lake Street Unit 2, Mundelein, IL 60060
Compact office space with two building entrances and parking available at the front and rear.
Space Size375 SF
Days on Market1104
Property Features for 500 N Lake Street Unit 2
General Information
Standard status
Active
Size
375 SF
Net Rentable
375 SF
Property subtype
COMMERCIAL
Space & Availability
Available Space
375 SF
Contiguous Space
375 SF
Floor
2
Space Use
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1964
Tenancy
Multi
Listing Agency:
HomeSmart Connect LLC
(847) 495-5000
Listed By:
Octavio Martinez · License #475142358
Source:
Realtorjamie
Added: Jul 27, 2023
Changed: Jul 31
Last Checked: Aug 3 at 10:54AM
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
Investment Insights
Based on property information with market context.
Unit 2 offers 375 square feet of second-floor office space within a 10-unit office building. The property includes two entrances, with parking available in front of the building and at the rear.
The building is located off Rt 45 in Mundelein, providing access to a high-traffic corridor. The space is suited for office or business use, with all office units positioned on the second floor.
The building is located off Rt 45 in Mundelein, providing access to a high-traffic corridor. The space is suited for office or business use, with all office units positioned on the second floor.
Key Highlights
- 375 square feet in Unit 2
- Second‑floor office space in a 10‑unit building
- Two building entrances
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
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
$24.24 /SF/Yr
Avg Asking Price
$19.39–$30.47 /SF/Yr
Price Range
7,668 SF
Avg Space Size
This space is priced 3% above the average of $24.24 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Compact office space with two building entrances and parking available at the front and rear.
Where is this office units located?
The property is located at 500 N Lake Street Unit 2 Mundelein, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 375 square feet in Unit 2; Second‑floor office space in a 10‑unit building; Two building entrances
