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Multi-Suite Office Building

281 North Seymour Avenue, Mundelein, IL 60060

For Sale
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Two floors of office space include private rooms, reception, a washroom, and a galley kitchen.

Property SizeContact for details
Days on Market34

Property Features for 281 North Seymour Avenue

General Information

Standard status Active
Property subtype Retail, Office

Additional Details

Office Units 3
Property Use Office
Listing Agency: JC Forney Realty Inc
Listed By: Kenneth Eichelberger · License IL #475114223
Source: Crexi
Added: Oct 10 Changed: Nov 8 Last Checked: Nov 10 at 7:06AM

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 JC Forney Realty Inc

Rey
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Investment Insights

Based on property information with market context.

Configured for office use, the building has three rental office spaces. The first floor combines a large open work area with two private offices, a reception area, a washroom, and a galley kitchen. Three additional private office areas occupy the second floor. The basement can be reached from inside the building or through a separate exterior entrance.

The property is at 281 North Seymour Avenue in Mundelein, within walking distance of downtown shops and restaurants and near the Mundelein Village Office. The stated potential uses include office, retail, or rental occupancy.

Key Highlights

  • Currently arranged as three rental office spaces
  • First floor includes an open office area, two private offices, reception, washroom, and galley kitchen
  • Three private office areas on the second floor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Carpet & Flooring Store Catering Service (Bike/Boat/Book/etc) Store Veterinary Clinic Electrical Service Locksmith

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

3
Office units

Location Intelligence

Trade Area within ½ mile

88
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office Units in Lake County, IL

$262 Jul
$171 Aug
$372 Sep
$156 Oct

Properties on Market for Office Units in Lake County

Jul
Aug
Sep
Oct

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 - Two floors of office space include private rooms, reception, a washroom, and a galley kitchen.
Where is this office unit located?
The property is located at 281 North Seymour Avenue Mundelein, IL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Currently arranged as three rental office spaces; First floor includes an open office area, two private offices, reception, washroom, and galley kitchen; Three private office areas on the second floor
(847) 362-2000 Call to check price and availability
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