1079 Maple Ave Mundelein, IL 60060-1652

Property Details for 1079 Maple Ave

Year built

1997

Construction

BRICK

Lot size

0.65 lot acres

Property size

3,180 SF

Property type

Gas stations

APN

10-24-306-001

APU

1024306001

Description

This exceptional investment opportunity presents a 1,794 square foot Grease Monkey auto shop in Mundelein, IL, a top-performing location within the Chicago MSA. Boasting a 6.50% cap rate and over 11 years remaining on a Net Lease (NN) with a corporate guarantee, this single-tenant property offers significant long-term value. Located at a signalized intersection on a 0.64-acre lot with 9 parking spaces, the property benefits from high visibility and traffic counts exceeding 21,000 vehicles daily. Situated across from Mundelein High School and near a Jewel-anchored retail center, it enjoys strong demographics, with average household incomes exceeding $140,000 within a three-mile radius and over 45,000 residents in the immediate area. The lease includes three 5-year renewal options with 10% rent increases every five years, ensuring consistent income growth. Built in 1997, this Class C property is zoned C-2 and offers limited landlord responsibilities (roof and structure only). The property's strong location, long-term lease, and built-in rent increases make it an attractive investment with excellent residual value. The Net Operating Income (NOI) is $111,042, and the asking price is $1,708,000. The property's APN is 10-24-306-001.

Location Insight

City

Mundelein

County

Lake

State

Illinois

Longitude

-88.0184

Latitude

42.2749

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments