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    405 Washington Blvd Mundelein, IL 60060

    For Lease
    $10 SF/Yr

    Flex & Creative Office Suites, 1,150-6,900 SF

    Lot size:
    15,752 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property at 405 Washington Blvd in Mundelein, Illinois, offers a diverse range of flexible and creative office spaces. Located in the Allanson Industrial Park, this two-story brick and block building provides units ranging from approximately 225 to 16,000 rentable square feet, with four spaces currently available, sized between 1,150 and 6,900 square feet. The building features functional build-outs, saving tenants valuable time and money, and is ready for immediate occupancy. The property's convenient location offers easy access to major transportation arteries, including Route 45, Route 60, and I-94, placing it midway between Chicago and Milwaukee. The strategic location within the Allanson Industrial Park near the intersection of Allanson Road and Washington Blvd provides excellent visibility and accessibility. Potential for outside storage and ample parking for larger vehicles is available, subject to lease terms. This property is ideal for businesses seeking flexible, efficient, and well-located office space in the thriving Mundelein market. Contact us today to learn more about the available units and lease options. The zip code is 60060.

    Property Features for 405 Washington Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,752 SF

    Unit(s) available at that property

    Space
    First Floor North Wing
    Size
    4,484 SF
    Rate per SF
    $12
    Space
    First Floor South Wing
    Size
    1,150 SF
    Rate per SF
    $12
    Space
    Second Floor North Wing
    Size
    6,900 SF
    Rate per SF
    $12
    Space
    Second Floor South Wing
    Size
    3,218 SF
    Rate per SF
    $10

    HighLights

    • +/-225 to +/-16,000 rentable square feet available.
    • Flexible suite sizes with existing build‑outs.
    • Parking available for large vehicles with potential for outdoor storage.
    • Second‑floor access via stairs and elevator.
    • On‑site management and well‑maintained grounds.
    • High‑quality, premium build‑out available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -87.985804
    Latitude
    42.2576375

    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Office space - Flex & Creative Office Suites, 1,150-6,900 SF
    Where is this office space located?
    The property is located at 405 Washington Blvd Mundelein, IL.
    What is the lease rate?
    The lease rate is $10-$12 SF/Yr.
    What are key features of this property?
    This property features: +/-225 to +/-16,000 rentable square feet available.; Flexible suite sizes with existing build-outs.; Parking available for large vehicles with potential for outdoor storage.
    Request Owner's contact information
    405 Washington Blvd 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
    405 Washington Blvd Mundelein, IL 60060
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