Showroom-Connected Flex
New
For Sale
$2,200,000
425 Townline Road, Mundelein, IL 60060
Commercial Sale, Mundelein, IL
Property Size13,609 SF
Lot Size0.97 Acres
Price / SF$161.66
Days on Market4
Property Features for 425 Townline Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
On the south side of Townline Rd (Route 60), near Lake St (Route 45), Mundelein.
Subdivision
Ivanhoe / Mundelein
Standard status
Active
APN
15061000640000
Lot size
0.97 Acres
Additional Details
Property Use
Showroom and Warehouse
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
33835
Utilities
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
1
Number of units
1
Flooring type
Concrete, Vinyl
Building materials
Pre-cast, Block, Sheltered Porch
Buildings
1
Listing Agency:
RE/MAX Suburban · RE/MAX International
(847) 367-8686
Listed By:
Jason Bitton
(847) 259-0202
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 25 at 8:06AM
MLS# 12791513
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding flex property combines a 13,609 SF showroom and warehouse on 0.97 acres. The showroom has 14' clear height and storefront windows facing Townline Road, with a direct connection to warehouse areas. One warehouse section measures 50' x 85' with 12'3" clear height; another is 63' x 32', with 18' clear height and a 25' W x 15' H drive-in door. A separate drive-in room includes 10' and 17' doors. Split-level offices, two bathrooms, a breakroom and kitchenette support the building's work areas. The lower level offers about 6,000 SF of storage at 8'8" clear height.
Built in 1979, the building is fully sprinklered and has 75 parking spaces. A pylon sign is located on Townline Road, which carries about 29,100 vehicles a day, according to IDOT 2025. The property is within Mundelein's Tax Increment Finance Area 4. Two parcels are included. Availability is scheduled for December 1, 2026.
Built in 1979, the building is fully sprinklered and has 75 parking spaces. A pylon sign is located on Townline Road, which carries about 29,100 vehicles a day, according to IDOT 2025. The property is within Mundelein's Tax Increment Finance Area 4. Two parcels are included. Availability is scheduled for December 1, 2026.
Key Highlights
- 13,609 SF building on 0.97 acres, comprising showroom and warehouse space
- Showroom has 14' clear height and storefront windows facing Townline Road
- Rear warehouse measures 63' x 32', with 18' clear height and a 25' W x 15' H drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,179
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,783,580
$2.8M
Cap Rate 7%
$1,988,271
$2.0M
Cap Rate 9%
$1,546,433
$1.5M
Market Conditions
NOI Build-Up for 13,609 SF
Gross rent
$204.1K $15.00/SF
− Vacancy
−$5.3K −$0.39/SF
EGI
$198.8K $14.61/SF
− OpEx
−$59.6K −$4.38/SF
NOI
$139.2K $10.23/SF
Area
Lake County, IL
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,783,580
Cap Rate 7%
$1,988,271
Cap Rate 9%
$1,546,433
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $139,179 @ 7.0% cap · market cap 6.33%
Second Best
Flex RnD
$1.14M
$993.7K – $1.32M
NOI $79,498 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,900 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
29,100 VPD
Traffic count
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Well-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Storefront windows face Townline Road, and the showroom connects directly to warehouse space.
Where is this flex space located?
The property is located at 425 Townline Road Mundelein, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 13,609 SF building on 0.97 acres, comprising showroom and warehouse space; Showroom has 14' clear height and storefront windows facing Townline Road; Rear warehouse measures 63' x 32', with 18' clear height and a 25' W x 15' H drive‑in door
