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Second-Floor Office Unit
For Lease
$18 SF/Yr

500 N Lake St Unit 10, Mundelein, IL 60060

New flooring, a small closet, and two window A/C units support a practical business setting.

Space Size720 SF
Days on Market42

Property Features for 500 N Lake St Unit 10

General Information

Standard status Active
Size 720 SF
Net Rentable 720 SF

Space & Availability

Available Space 720 SF
Contiguous Space 720 SF
Floor 2
Space Use Office

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Built 1964
Tenancy Multi
Listing Agency: HomeSmart Connect LLC
Listed By: Octavio Martinez · License #475142358
Source: Tumpanelegacy
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 25 at 5:46AM

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 square feet of second-floor office space within a 1964 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 includes 10 units, with office spaces positioned on the second floor. Two entrances serve the property, while parking is available at both the front and rear. The site is located off Rt 45 in Mundelein, Illinois, providing access to a high-traffic corridor.

Key Highlights

  • 720 sq ft second‑floor office unit
  • Unit 10 includes new flooring and a small closet
  • Two window A/C units

Property Analytics

Current Use

Office Units

Suggested Use

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

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
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

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

$23.03 /SF/Yr
Avg Asking Price
$18.33–$30.47 /SF/Yr
Price Range
473 SF
Avg Space Size

This space is priced 22% below the average of $23.03 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - New flooring, a small closet, and two window A/C units support a practical business setting.
Where is this office units located?
The property is located at 500 N Lake St Unit 10 Mundelein, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 720 sq ft second‑floor office unit; Unit 10 includes new flooring and a small closet; Two window A/C units
More about this property
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