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Two-Story Office Building For Sale
For Sale
$699,000
Pending

505 and 511 E Hawley Street #505-511, Mundelein, IL 60060

12,600 SF office building with vacancy, great location.

Property Size14,964 SF
Days on Market163

Property Features for 505 and 511 E Hawley Street #505-511

General Information

Standard status Pending
Size 14,964 SF
Property subtype Commercial
Zoning COMMR

Taxes and HOA fees

Annual Taxes $14,274

Building Details

Building Size 14,964 SF
Year Built 1979
Stories 2
Listing Agency: HomeSmart Connect, LLC.
Listed By: Jacqueline Mahoney
Source: Jjillrealtygroup
Added: Mar 26 Changed: Sep 3 Last Checked: Aug 29 at 12:20AM

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.

This is a 12,600 square foot, two-story professional office building. The building is of solid construction and has vacancy. Each level is equipped with common restrooms. It is located just south of Route 176 and east of Route 45. The location has a monument sign. There is ample parking. The property is being marketed as a separate location. It has potential for an owner/user with income from leased suites.

Key Highlights

  • Ample parking and great location south of Route 176 and east of Route 45.
  • 12,600 SF 2‑story professional building.**
  • Potential for owner/user with income from leased suites.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Real Estate Agency Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

88
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

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 building - 12,600 SF office building with vacancy, great location.
Where is this office building located?
The property is located at 505 and 511 E Hawley Street #505-511 Mundelein, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Ample parking and great location south of Route 176 and east of Route 45.; 12,600 SF 2‑story professional building.**; Potential for owner/user with income from leased suites.
More about this property
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