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Second-Floor Office Unit
For Lease
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500 N Lake Street #5, Mundelein, IL 60060

A compact office suite in a multi-unit building with parking at the front and rear.

Space Size375 SF
Days on Market1197

Property Features for 500 N Lake Street #5

General Information

Standard status Active
Size 375 SF
Net Rentable 375 SF
Zoning OFFIC

Space & Availability

Available Space 375 SF
Contiguous Space 375 SF
Divisible No
Floor 2
Space Use Office

Additional Details

Highway Access Yes

Amenities

ample parking
two entrances

Building Details

Year Built 1964
Stories 2
Units 10
Tenancy Multi
Listing Agency: HomeSmart Connect LLC
Listed By: Octavio Martinez · License #475142358
Source: Fishmangroup
Added: Jul 27, 2023 Changed: Nov 1 Last Checked: Nov 3 at 7:05AM

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.

Office Unit 5 offers 375 square feet on the second floor of a 1964 building. The property has 10 office units available, two entrances, and parking areas at both the front and rear of the building.

At 500 N Lake Street in Mundelein, the building is located off Route 45. The space is zoned OFFIC.

Key Highlights

  • 375‑square‑foot office unit
  • Second‑floor location
  • 10 office units available in the building

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Catering Service Pet Grooming Service Florist Locksmith (Bike/Boat/Book/etc) Store Barber Shop

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

346
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
448 SF
Avg Space Size

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 - A compact office suite in a multi-unit building with parking at the front and rear.
Where is this office unit located?
The property is located at 500 N Lake Street #5 Mundelein, IL.
What are key features of this property?
This property features: 375‑square‑foot office unit; Second‑floor location; 10 office units available in the building
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