Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    21500 Sylvan Dr Mundelein, IL 60060

    Sponsored
    For Lease
    Contact for pricing

    Six-acre commercial site, single tenant.

    Lot size:
    277,913 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional six-acre commercial property, located at 21500 W Sylvan Dr S, Mundelein, IL 60060, presents a unique investment opportunity. Zoned B-PUD, this single-tenant site is ideal for retail development. The property's location at the Northwest corner of Midlothian Road and Gilmer Road offers excellent visibility and accessibility. The surrounding area boasts a mix of residential and commercial developments, including the Villa at the Commons, Stonebridge at Old McHenry, Hawthorn Trail Phase III, Hawthorn Woods Country Club Residential, a bank development, and an 8,000 square foot event venue. This strategic location ensures high traffic volume and strong potential for future growth. The property's classification as Retail, Land, and Special Purpose provides flexibility for a variety of development options. This is a prime opportunity to capitalize on the thriving Mundelein market. Detailed zoning information and site plans are available upon request. Don't miss this chance to acquire a significant commercial parcel in a desirable location.

    Property Features for 21500 Sylvan Dr

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    277,913 SF

    Unit(s) available at that property

    Space
    Size
    277,913 SF

    HighLights

    • ±6.38‑acre partially improved commercial pad.
    • B‑PUD zoning for retail/commercial use.
    • High‑visibility hard corner location at a lighted intersection, ideal for retail, restaurant, medical, or service businesses.
    • Situated at the entrance to a high‑end residential community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Nail Salon Clothing Store 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
    -88.05256010428
    Latitude
    42.23743324619

    Nearby Similar for Lease

    • Contact for pricing

      Mundelein Office Space For Rent

      720 sq ft office space in Mundelein, Illinois.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space Available

      Office space for rent in Mundelein, Illinois.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space For Rent

      Office space available in Mundelein, high visibility location.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space For Rent

      Office space available in Mundelein with high visibility.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space For Rent

      Office space available in Mundelein with high visibility.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space For Rent

      Office space available in Mundelein with high visibility.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space Available

      Office space for rent in Mundelein, high visibility location.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • $7 SF/Yr
      60,000 SF

      Mundelein Industrial Space For Lease

      60,000 SF industrial space with office and loading docks.
      1700-1710 Butterfield Rd, Mundelein, IL 60060
      View Details
    • $14 SF/Yr
      6,000 SF

      Retail Space in High-Traffic Area

      Retail and restaurant spaces available in busy Mundelein location.
      340-372 Townline Rd, Mundelein, IL
      View Details
    • $10 SF/Yr
      62,304 SF

      Hawley Commons Retail Center

      Grocery-anchored retail space in Mundelein, IL
      311 Seymour Ave, Mundelein, IL 60060
      View Details
    • $3,400 /Mo
      4,500 SF

      Retail Storefronts and Medical Office

      Three retail spaces available for lease in Mundelein, Illinois.
      157-161 N Seymour Ave, Mundelein, IL
      View Details
    • $7 SF/Yr
      60,000 SF

      Mundelein Warehouse with Flexible Loading

      60,000 SF warehouse with convenient access and flexible loading.
      1700 S Butterfield Rd, Mundelein, IL
      View Details

    FAQs

    What type of property is this?
    Specialty property - Six-acre commercial site, single tenant.
    Where is this specialty property located?
    The property is located at 21500 Sylvan Dr Mundelein, IL.
    What are key features of this property?
    This property features: ±6.38-acre partially improved commercial pad.; B-PUD zoning for retail/commercial use.; High-visibility hard corner location at a lighted intersection, ideal for retail, restaurant, medical, or service businesses.
    Request Owner's contact information
    21500 Sylvan Dr Mundelein, IL 60060
    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.
    21500 Sylvan Dr
    Mundelein, IL 60060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    21500 Sylvan Dr Mundelein, IL 60060
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.