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Second-Floor Office Unit
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500 N Lake Street #5, Mundelein, IL 60060

Upstairs office unit with parking positioned at the front and rear of the building.

Space Size375 SF
Days on Market33

Property Features for 500 N Lake Street #5

General Information

Standard status Active
Size 375 SF
Net Rentable 375 SF
Zoning OFFIC

Space & Availability

Available Space 375 SF
Contiguous Space 375 SF
Floor 2
Space Use Office

Additional Details

Road Access Yes

Building Details

Year Built 1964
Stories 2
Units 10
Listing Agency: HomeSmart Connect LLC
Listed By: Octavio Martinez · License #475142358
Source: Jjillrealtygroup
Added: Jul 27 Changed: Aug 28 Last Checked: Aug 28 at 11:30AM

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 5 provides 375 square feet of office space within a two-story commercial building. The suite is located on the second floor, and the property includes two entrances for building access. Office users also have access to parking areas on both the front and rear sides of the building.

The property is located off Rt 45 at 500 N Lake Street in Mundelein. The building dates to 1964 and is zoned OFFIC. Ten office units are available within the building, providing a multi-suite setting for businesses seeking office space.

Key Highlights

  • 375 SF second‑floor office unit
  • 10 office units available in the building
  • Parking areas located at the front and rear

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

Yes
Paved road access
NNN (Triple Net)
Lease Type

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

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
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Frequently Asked Questions

What type of property is this?
Office units - Upstairs office unit with parking positioned at the front and rear of the building.
Where is this office units located?
The property is located at 500 N Lake Street #5 Mundelein, IL.
What are key features of this property?
This property features: 375 SF second‑floor office unit; 10 office units available in the building; Parking areas located at the front and rear
More about this property
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