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Second-Floor Office Suite
For Lease
$25.60 SF/Yr

500 N Lake Street #6, Mundelein, IL 60060

Second-floor office suite in a 10-unit building with ample front and rear parking and two entrances.

Space SizeContact for details
Property Size375 SF
Days on Market1104

Property Features for 500 N Lake Street #6

General Information

Standard status Active
Size 375 SF

Additional Details

Office Units 10

Building Details

Year Built 1964
Tenancy Multi
Listing Agency: HomeSmart Connect LLC
Listed By: Octavio Martinez · License #475142358
Source: Perillorealestategroup
Added: Jul 27, 2023 Changed: Jul 26 Last Checked: Aug 3 at 12:40PM

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 6 is a second-floor office suite within a 10-unit commercial building. The space is set up for office use, with office spaces located on the 2nd floor. The building includes two entrances and offers ample parking in both the front and rear of the property.

The building is described as conveniently located off a major route (Rt 45), with high traffic for visibility.

With multiple office suites available in the building, Unit 6 provides a compact option for an office or business space inside a facility designed to support convenient customer and staff access via on-site parking and building entrances.

Key Highlights

  • Second‑floor office suite (Unit 6) in a 10‑unit building
  • Unit 6 is 375 sq ft
  • Ample front and rear parking with two entrances

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

10
Office units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.84 /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

$24.24 /SF/Yr
Avg Asking Price
$19.39–$30.47 /SF/Yr
Price Range
7,668 SF
Avg Space Size

This space is priced 6% above the average of $24.24 /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 - Second-floor office suite in a 10-unit building with ample front and rear parking and two entrances.
Where is this office units located?
The property is located at 500 N Lake Street #6 Mundelein, IL.
What is the lease rate?
The lease rate is $25.60 SF/Yr.
What are key features of this property?
This property features: Second‑floor office suite (Unit 6) in a 10‑unit building; Unit 6 is 375 sq ft; Ample front and rear parking with two entrances
More about this property
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