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    1501 Lake St Mundelein, IL 60060

    Sponsored
    For Lease
    Contact for pricing

    Mundelein, IL: Restaurant & Retail

    Lot size:
    143,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Townline Square offers exceptional retail and restaurant opportunities in Mundelein, IL. This grocery-anchored center boasts 143,424 square feet, with 27,953 square feet currently available for lease in multiple spaces ranging from 1,050 to 21,000 contiguous square feet. Located at the heavily trafficked intersection of Lake Street and Townline Road, the property benefits from over 47,000 vehicles per day. The center features a strong tenant mix, including Jewel-Osco, LA Fitness, Dollar Tree, Chipotle, Panera Bread, and O'Reilly Auto Parts, among others. Ample parking is provided with 414 surface-level spaces, and dual-sided monument signage ensures high visibility. The property's strategic location, just two miles west of Hawthorn Mall, places it within a thriving retail corridor featuring numerous national retailers such as Target, Walmart, Best Buy, and many more. Built in 1976, this Lake County property presents a unique chance to establish a presence in a high-traffic, well-established shopping center. The property is ideal for a variety of restaurant and retail concepts seeking a prime location with strong co-tenancy and excellent visibility. The minimum leasable space is 1,050 square feet.

    Property Features for 1501 Lake St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    143,424 SF

    Building Details

    Year Built
    1976

    Unit(s) available at that property

    Space
    1515 B S. Lake Street
    Size
    7,062 SF
    Space
    1517 S. Lake Street
    Size
    7,062 SF
    Space
    1519-1521 S. Lake Street
    Size
    7,062 SF
    Space
    1539 S. Lake Street
    Size
    20,891 SF
    Space
    1543-1553 S. Lake Street
    Size
    20,889 SF
    Space
    1515 S. Lake Street
    Size
    7,062 SF

    HighLights

    • 1,050 - 21,000 SF available for lease in Townline Square, Mundelein, IL.
    • High‑traffic location at the intersection of Lake Street & Townline Road (47,000+ VPD).
    • Strong co‑tenancy including Jewel‑Osco, LA Fitness, Dollar Tree, and other national retailers.
    • Ample on‑site parking (414 spaces) and dual‑sided monument signage.
    • Two miles west of Hawthorn Mall, in a dense retail corridor.
    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
    -87.993068
    Latitude
    42.2438911

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    FAQs

    What type of property is this?
    Restaurant - Mundelein, IL: Restaurant & Retail
    Where is this restaurant located?
    The property is located at 1501 Lake St Mundelein, IL.
    What are key features of this property?
    This property features: 1,050 - 21,000 SF available for lease in Townline Square, Mundelein, IL.; High-traffic location at the intersection of Lake Street & Townline Road (47,000+ VPD).; Strong co-tenancy including Jewel-Osco, LA Fitness, Dollar Tree, and other national retailers.
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    1501 Lake 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
    1501 Lake St Mundelein, IL 60060
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