Strip Retail Center with On-Site
For Sale
Contact for pricing
791 S Midlothian Road, Mundelein, IL 60060
B-2 general retail zoning and a former beauty shop layout support a range of business configurations.
Property Size1,200 SF
Price / SF$0.02
Days on Market24
Property Features for 791 S Midlothian Road
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
65
Property subtype
Commercial
Zoning
B-2
Building Details
Year Built
2000
Listing Agency:
Core Realty & Investments Inc.
(224) 235-4336
Listed By:
Mary Arun
Source:
Helenoliveri
Added: Oct 6
Changed: Oct 28
Last Checked: Oct 28 at 4:35PM
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 Core Realty & Investments Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot strip center space was configured for beauty shop use and is located in a property zoned B-2 general retail. The building dates to 2000, and the site has 65 parking spaces.
Nearby businesses include McDonald’s, Walgreens, and Burger King. The property is described as a triple net lease.
Nearby businesses include McDonald’s, Walgreens, and Burger King. The property is described as a triple net lease.
Key Highlights
- 1,200‑square‑foot retail space in a strip center
- B‑2 general retail zoning
- 65 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,272
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,440
$245.4K
Cap Rate 7%
$175,314
$175.3K
Cap Rate 9%
$136,356
$136.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.0K $15.00/SF
− Vacancy
−$468 −$0.39/SF
EGI
$17.5K $14.61/SF
− OpEx
−$5.3K −$4.38/SF
NOI
$12.3K $10.23/SF
Area
Lake County, IL
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,440
Cap Rate 7%
$175,314
Cap Rate 9%
$136,356
Alternative Uses
Best Use
Retail
$175.3K
$153.4K – $204.5K
NOI $12,272 @ 7.0% cap · market cap 53,356.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.3K
$362.5K – $483.4K
NOI $29,001 @ 7.0% cap · market cap 126,091.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - B-2 general retail zoning and a former beauty shop layout support a range of business configurations.
Where is this strip mall located?
The property is located at 791 S Midlothian Road Mundelein, IL.
What are key features of this property?
This property features: 1,200‑square‑foot retail space in a strip center; B‑2 general retail zoning; 65 on‑site parking spaces
