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    311 Seymour Ave Mundelein, IL 60060

    Sponsored
    For Lease
    $10 SF/Yr

    Grocery-anchored retail space in Mundelein, IL

    Lot size:
    62,304 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 62,304 square foot retail center, situated in Mundelein, Illinois, presents a compelling investment opportunity. Built in 1992, this single-story, Class C property boasts a prime location at 311 N Seymour Ave, conveniently positioned at the southeast corner of Hawley St and Seymour Ave. Its strategic location offers excellent visibility and accessibility, being just one block east of Lake St (IL 45), two blocks south of W Maple Ave (IL 176), and directly north of the Mundelein Metra commuter rail station. The property sits on a 4-acre lot and is comprised of a single building. Currently, there are multiple tenants occupying the space, with five units available ranging from a minimum of 975 square feet to a maximum contiguous space of 6,082 square feet. The center benefits from below-market rents and low operating expenses, making it an attractive proposition for prospective tenants. Its proximity to the Village Hall and the train station further enhances its appeal. The property is categorized as a strip center, neighborhood center, street retail, and retail center, offering a versatile space suitable for a variety of retail businesses. Lake County is the location of this property, with a zip code of 60060. This grocery-anchored center provides a strong foundation for success in a thriving community.

    Property Features for 311 Seymour Ave

    General Information

    Property type
    Shopping malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    62,304 SF
    Class
    C
    Total Rate
    51920

    Building Details

    Year Built
    1992
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    347
    Size
    6,082 SF
    Rate per SF
    $10
    Space
    323
    Size
    2,627 SF
    Rate per SF
    $12
    Space
    315
    Size
    3,000 SF
    Rate per SF
    $10
    Space
    379
    Size
    3,400 SF
    Rate per SF
    $15
    Space
    383
    Size
    2,500 SF
    Rate per SF
    $15

    HighLights

    • Below‑market rents.
    • Low operating expenses.
    • Prime location in Mundelein, IL's developing downtown residential district.
    • Strong demographics.
    • Strong tenant mix with five available units (975‑6,082 SF).
    • Excellent visibility near Village Hall and Metra station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -88.001122
    Latitude
    42.2686263

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    FAQs

    What type of property is this?
    Shopping mall - Grocery-anchored retail space in Mundelein, IL
    Where is this shopping mall located?
    The property is located at 311 Seymour Ave Mundelein, IL.
    What is the lease rate?
    The lease rate is $10-$15 SF/Yr.
    What are key features of this property?
    This property features: Below-market rents.; Low operating expenses.; Prime location in Mundelein, IL's developing downtown residential district.
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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
    311 Seymour Ave Mundelein, IL 60060
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