Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Vibrant Mundelein Location Title is generated by Realmo AI

    659 E Maple Avenue lot #20, Mundelein, IL 60060

    View on Map
    Claim this Listing
    For Sale
    $99,000

    LAND - Mundelein, IL

    Added:
    Mar 16, 2026
    Days on Market:
    62
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 659 E Maple Avenue lot #20

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active
    APN
    11193200020000

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1380

    We can help!

    Listing Contact
    Salvatore Soccorso

    Listing agent Salvatore Soccorso License #475144533

    Listing office HomeSmart Connect LLC 3030 Salt Creek Lane #145, Arlington Heights, IL

    Listing date Mar 16, 2026

    MLS# 12595770 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent location with walking distance to stores, shops, restaurants, and doctors' offices.
    • Walking distance to the new Metra train station.
    • Easy access to I‑294 and other major roadways.
    • Close proximity to good schools and park district.
    • Seller may consider package deal on both properties/lots.
    • Seller may consider help with financing.

    Overview

    This property is located in a vibrant community with a strong base. The location offers convenient access to various amenities, including stores, shops, restaurants, and doctors' offices, all within walking distance. A new Metra train station and post office are also nearby. The area is served by good schools and a park district, and the large, modern library and Carmel High School are located around the corner. Easy access to I-294 and other major roadways is available. The seller may consider a package deal on both properties/lots and may also consider help with financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.0352
    Latitude
    42.2666

    Nearby Similar for Sale

    • $699,000

      Commercial Property in Mundelein, IL

      Commercial property for sale in Mundelein, Illinois.
      505 E Hawley Street, Mundelein, IL 60060
      View Details
    • $360,000

      Land in Countryside Lake Community

      5.89 acres to build your dream home.
      26220 N Midlothian Road, Mundelein, IL 60060
      View Details
    • $99,000

      Land in Vibrant Mundelein Location

      Land with great potential near shops, restaurants, and transportation.
      659 E Maple Avenue lot: #19, Mundelein, IL 60060
      View Details
    • $375,000

      Commercial Land Near Thornton's

      Almost one acre zoned for residential and commercial development.
      742 N Lake Street, Mundelein, IL 60060
      View Details
    • $1,111,000

      Prime Land in Mundelein, IL

      Signaled corner location near retail and residential developments.
      20924 & 20902 W Park Avenue, Mundelein, IL 60060
      View Details
    • $286,000

      Mundelein, IL Commercial Land

      Commercial land available in Mundelein, Illinois.
      331 Plaza Circle lot: 4, Mundelein, IL 60060
      View Details
    • $399,000

      Commercial Land in High-Traffic Area

      C2-zoned vacant lot near I-94 and Route 60.
      1290 S Butterfield Road, Mundelein, IL 60060
      View Details
    • $850,000

      Mundelein Commercial Land For Sale

      Commercial land available in Mundelein, Illinois, zoned M-1.
      913 Tower Rd, Mundelein, IL 60060
      View Details
    • $85,000

      Butterfield Road Commercial Property

      Commercial property for sale on Butterfield Road, Mundelein, Illinois.
      738 S Butterfield Road, Mundelein, IL 60060
      View Details
    • $1,500,000
      3 SF

      Land with Existing Small Building

      2.3 acres in Mundelein with a small building.
      28573 Schank Avenue, Mundelein, IL, 60060
      View Details
    • $40,000

      Residential Lots in Mundelein, IL

      Eleven residential lots available near shopping, Metra, schools, and golf.
      103 S Fairlawn Avenue, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Industrial Land in Established Park

      3.92-acre industrial property with utilities and completed due diligence.
      927 Tower Road, Mundelein, IL 60060
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land near shops, restaurants, train, and schools in Mundelein.
    Where is this commercial land located?
    The property is located at 659 E Maple Avenue lot #20 Mundelein, IL.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Excellent location with walking distance to stores, shops, restaurants, and doctors' offices.; Walking distance to the new Metra train station.; Easy access to I‑294 and other major roadways.
    (847) 495-5000
    We can help!
    Listing Contact
    Salvatore Soccorso
    Real Estate License ID: 475144533
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    659 E Maple Avenue lot: #20, Mundelein, IL 60060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!