Second-Floor Office
For Lease
$18.33 SF/Yr
500 N Lake Street #10, Mundelein, IL 60060
Updated flooring, a compact storage closet, and two window A/C units support a practical office setup.
Space Size720 SF
Days on Market1122
Property Features for 500 N Lake Street #10
General Information
Standard status
Active
Size
720 SF
Net Rentable
720 SF
Zoning
OFFIC
Space & Availability
Available Space
720 SF
Contiguous Space
720 SF
Floor
2
Space Use
Office
Building Details
Year Built
1964
Stories
2
Units
10
Listing Agency:
HomeSmart Connect LLC
(847) 495-5000
Listed By:
Octavio Martinez · License #475142358
(847) 495-5000
Source:
Perillorealestategroup
Added: Jul 27, 2023
Changed: Aug 16
Last Checked: Aug 20 at 1:47PM
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 10 provides 720 sq ft of second-floor office space within a 10-unit building. The suite includes new flooring, a small closet, and two window A/C units, offering a straightforward setup for office or business use. The building has two entrances and parking positioned both in front and behind the property.
The property is located off Rt 45 in Mundelein, with the address at 500 N Lake Street. Office spaces are situated on the second floor, and the building was constructed in 1964. Zoning is identified as OFFIC.
The property is located off Rt 45 in Mundelein, with the address at 500 N Lake Street. Office spaces are situated on the second floor, and the building was constructed in 1964. Zoning is identified as OFFIC.
Key Highlights
- 720 sq ft second‑floor office unit
- New flooring, small closet, and two window A/C units
- 10‑unit building with office spaces on the 2nd floor
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.75 /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
$23.4 /SF/Yr
Avg Asking Price
$18.33–$30.47 /SF/Yr
Price Range
453 SF
Avg Space Size
This space is priced 22% below the average of $23.4 /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 - Updated flooring, a compact storage closet, and two window A/C units support a practical office setup.
Where is this office units located?
The property is located at 500 N Lake Street #10 Mundelein, IL.
What is the lease rate?
The lease rate is $18.33 SF/Yr.
What are key features of this property?
This property features: 720 sq ft second‑floor office unit; New flooring, small closet, and two window A/C units; 10‑unit building with office spaces on the 2nd floor
