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    505 Hawley St Mundelein, IL 60060

    For Sale
    $660,000

    12,600 SF Office, Great Location

    Property size:
    12,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 12,600-square-foot executive office building in Mundelein, Illinois, presents a compelling owner-user opportunity. Located at 505 E. Hawley St, this two-story building, constructed in 1979, sits on a 0.86-acre lot and boasts 53 parking spaces. The property is zoned C5C and features ample parking, a prominent monument sign, and convenient access to Routes 176 and 45. The building offers a solid construction, with each floor equipped with common restrooms. The interior features 8-foot ceilings and a central air (rooftop) HVAC system. Electrical service is 800 AMP. While not sprinklered, the building offers significant potential for an owner-user seeking to occupy space while generating income from leased suites. The property includes six restrooms, one with a shower. City sewer and water services are available. Property taxes are $31,676.52 annually, and the asking price is $660,000. The property's Parcel Identification Number (PIN) is 11-30-102-044-0000. Currently, there is vacancy within the building. This presents a unique chance to acquire a well-situated office building with significant upside potential.

    Property Features for 505 Hawley St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    12,600 SF
    Lot Size
    37,462 SF

    Building Details

    Year Built
    1979
    Stories
    2

    HighLights

    • Building Size: 12,600 SF
    • Year Built: 1979
    • Land Size: 0.86 Acres
    • HVAC: Rooftop Central Air
    • Electrical: 800 AMP
    • Sprinkler System: None
    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
    -87.9969393
    Latitude
    42.2693994

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    FAQs

    What type of property is this?
    Office Property / Space - 12,600 SF Office, Great Location
    Where is this office property / space located?
    The property is located at 505 Hawley St Mundelein, IL.
    What is the asking price?
    The asking price for this property is $660,000.
    What are key features of this property?
    This property features: Building Size: 12,600 SF; Year Built: 1979; Land Size: 0.86 Acres
    Request Owner's contact information
    505 Hawley St Mundelein, IL 60060
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    Mundelein, IL 60060
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    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
    505 Hawley St Mundelein, IL 60060
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