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    511 Hawley St Mundelein, IL 60060

    Sponsored
    For Sale
    $185,000

    Profitable Investment: 2,364 SF Office

    Property size:
    2,364 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 2,364 square foot single-story executive office building located at 511 E Hawley St, Mundelein, IL 60060. Built in 1954, this property sits on a 3,193 square foot lot and is zoned C5C, offering significant potential for future development or continued operation as a thriving business. Currently, the entire building is leased to Lake County Physical Therapy, providing a stable income stream for the new owner. The property boasts seven parking spaces, a significant advantage in this location. The building's single-story design offers ease of access and functionality. The address is 511 E Hawley St, Mundelein, IL, within Lake County. The property's APN is 11-30-102-061-0000. This turnkey operation presents a rare chance to acquire a well-located, income-producing asset in a desirable area. The asking price for this property is $185,000. This represents a strong return on investment given the current lease and the potential for future appreciation. Serious inquiries are encouraged.

    Property Features for 511 Hawley St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,364 SF

    Building Details

    Year Built
    1954
    Stories
    1

    HighLights

    • 2,364 square‑foot single‑story office building.
    • Currently leased to Lake County Physical Therapy.
    • One‑tenant occupancy.
    • Asking price: $185,000.
    • Located at 511 E Hawley St, Mundelein, IL 60060.
    • 7 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -87.9964213
    Latitude
    42.2696442

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    FAQs

    What type of property is this?
    Office Property / Space - Profitable Investment: 2,364 SF Office
    Where is this office property / space located?
    The property is located at 511 Hawley St Mundelein, IL.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: 2,364 square-foot single-story office building.; Currently leased to Lake County Physical Therapy.; One-tenant occupancy.
    Request Owner's contact information
    511 Hawley 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
    511 Hawley St Mundelein, IL 60060
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