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    350 Townline Rd Mundelein, IL 60060

    Sponsored
    For Lease
    $14 SF/Yr

    Grocery-anchored retail space in prime location

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Mundelein Square, located at 350-372 Townline Rd, Mundelein, IL 60060, presents a unique investment opportunity in a thriving retail center. This grocery-shadow anchored property offers 40,000 total square feet of commercial space, with 8,115 square feet currently vacant and divisible into units ranging from 1,050 to 2,100 contiguous square feet. The center features a diverse tenancy including medical, office, restaurant, and retail spaces, anchored by the popular Alef Sausage Deli and situated next to Garden Fresh Market. This high-traffic location benefits from its position at a major Mundelein intersection, ensuring excellent visibility and accessibility. The property boasts plentiful parking, catering to the needs of both tenants and customers. The area demonstrates extremely high average household income and significant traffic counts, making it an ideal location for businesses seeking strong market penetration. Lake County's robust economy further enhances the investment potential of this well-established retail center. The available space is perfect for a variety of businesses seeking a high-visibility location in a strong retail corridor.

    Property Features for 350 Townline Rd

    General Information

    Property type
    Shopping centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Total Rate
    46666.67

    Unit(s) available at that property

    Space
    Suite 360
    Size
    1,065 SF
    Rate per SF
    $19
    Space
    Suite 350
    Size
    11,200 SF
    Rate per SF
    $14
    Space
    Suite 372
    Size
    6,000 SF
    Rate per SF
    $19

    HighLights

    • 11,200 SF and 6,000 SF endcap spaces available, divisible. 1,065 SF also available.
    • High shopper traffic ensures strong sales potential.
    • Prime Mundelein retail location.
    • Grocery‑anchored center with excellent visibility and ample parking.
    • High average household income and traffic counts.
    • Future Walmart development across the street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -87.998552936066
    Latitude
    42.240959281566

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    FAQs

    What type of property is this?
    Shopping center - Grocery-anchored retail space in prime location
    Where is this shopping center located?
    The property is located at 350 Townline Rd Mundelein, IL.
    What is the lease rate?
    The lease rate is $14-$19 SF/Yr.
    What are key features of this property?
    This property features: 11,200 SF and 6,000 SF endcap spaces available, divisible. 1,065 SF also available.; High shopper traffic ensures strong sales potential.; Prime Mundelein retail location.
    Request Owner's contact information
    350 Townline Rd 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
    350 Townline Rd Mundelein, IL 60060
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