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Second-Floor Office Unit
For Lease
$25 SF/Yr

500 N Lake St Unit 6, Mundelein, IL 60060

Office suite in a multi-unit building with parking at both the front and rear.

Space SizeContact for details
Days on Market16

Property Features for 500 N Lake St Unit 6

General Information

Standard status Active

Building Details

Year Built 1964
Listing Agency: HomeSmart Connect LLC
Listed By: Octavio Martinez · License #475142358
Source: Realtopiare
Added: Aug 15 Changed: Aug 29 Last Checked: Aug 29 at 7:25PM

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 provides 375 square feet of office space on the building’s second floor. The property includes 10 available units, two entrances, and parking areas positioned in front of and behind the building.

The building is located off Rt 45 in Mundelein, Illinois, with access from 500 N Lake St. Constructed in 1964, the property supports a range of office configurations within a dedicated commercial setting.

Key Highlights

  • 375 sq ft office unit
  • Second‑floor office space
  • 10 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 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

NNN (Triple Net)
Lease Type
$3.75 /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 9% above 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 - Office suite in a multi-unit building with parking at both the front and rear.
Where is this office units located?
The property is located at 500 N Lake St Unit 6 Mundelein, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 375 sq ft office unit; Second‑floor office space; 10 units available in the building
More about this property
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