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Office Unit with Ample Parking
For Lease
$25.60 SF/Yr

6-500 N Lake St, Mundelein, IL 60047

Second-floor business suite with access from two building entrances and parking positioned on both sides of the property.

Space Size375 SF
Days on Market1135

Property Features for 6-500 N Lake St

General Information

Standard status Active
Size 375 SF
Net Rentable 375 SF

Space & Availability

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

Additional Details

Road Access Yes
Listing Agency: HomeSmart Connect LLC
Listed By: Octavio Martinez · License #475142358
Source: Exprealty
Added: Jul 27, 2023 Changed: Sep 3 Last Checked: Sep 2 at 12:46AM

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 6 provides 375 square feet of second-floor office space within a building offering 10 available units. The property has two entrances, with parking located at both the front and rear of the building.

The site is positioned off Rt 45 at 500 N Lake St in Mundelein, Illinois. Its placement near the route provides direct area access, while the available parking supports visitors and occupants. The space is suited for office or business use as described in the property information.

Key Highlights

  • 375‑square‑foot Unit 6 on the second floor
  • Building offers 10 available office units
  • Parking available at both the front and rear

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Storage Facility Locksmith Electrical Service Home Appliance Store

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
$3.84 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby

Demographics for 60047, IL

43,944
Population
15,877
Households
2.8
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,259
Density / Sq Mi
$173,043
Median Household Income
$82,803
Median Earnings
$1,817
Median Rent
$510,000
Median Home Value

Market

Lease Benchmarks for Mundelein, IL

$23.37 /SF/Yr
Avg Asking Price
$18–$30 /SF/Yr
Price Range
491 SF
Avg Space Size

This space is priced 10% above the average of $23.37 /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
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Frequently Asked Questions

What type of property is this?
Office units - Second-floor business suite with access from two building entrances and parking positioned on both sides of the property.
Where is this office units located?
The property is located at 6-500 N Lake St 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: 375‑square‑foot Unit 6 on the second floor; Building offers 10 available office units; Parking available at both the front and rear
More about this property
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