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    101-115 & 155-161 Mundelein, IL 60060

    Sponsored
    For Lease
    $9 SF/Yr ($14,831 /Mo)

    Downtown Mundelein office space available.

    Lot size:
    19,775 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property in downtown Mundelein, Illinois, offers multiple office and retail spaces for lease. Located at 101-115 & 155-161 N, Mundelein, IL 60060, this property boasts a total of 19,775 square feet, with 9,390 square feet currently vacant. Three distinct spaces are available, ranging from 1,650 to 4,500 contiguous square feet, making it ideal for a variety of businesses. One space, previously a retail store (approximately 1,640 sq ft), is adaptable to numerous uses. A second space, a 3,250 square foot turnkey medical office, features a reception area, multiple offices, treatment rooms, and individual plumbing. The third space, a former 4,500 square foot theatre, includes an auditorium, ticket/concession area, and sound booth, suitable for a religious facility or community center. The property is zoned C-5 and conveniently situated across from Kracklauer Park, just off Route 45 in the heart of Lake County's bustling business corridor. This vibrant community of approximately 32,000 residents offers excellent visibility and accessibility. Minimum divisible space is 1,650 square feet. Inquire today about leasing opportunities.

    Property Features for 0 101-115 & 155-161

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,775 SF
    Total Rate
    14831.25

    Unit(s) available at that property

    Space
    Unit 155
    Size
    4,500 SF
    Rate per SF
    $15
    Space
    Unit 109
    Size
    3,250 SF
    Rate per SF
    $15
    Space
    Unit 107
    Size
    1,640 SF
    Rate per SF
    $15

    HighLights

    • Three retail spaces available: 1,640 SF (Unit 107, $2,300/month), 3,250 SF (Unit 109‑111, $2,843.75/month), and 4,500 SF (Unit 155, $3,400/month).
    • Two‑building retail center totaling 19,775 SF.
    • Abundant parking.
    • Ideal for various uses including non‑profit, daycare, fitness, retail, or medical.
    • Convenient Metra and Tighthead Brewing proximity.
    • Across from Kracklauer Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.0022884
    Latitude
    42.2652012

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Mundelein office space available.
    Where is this individual retail property located?
    The property is located at 101-115 & 155-161 Mundelein, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Three retail spaces available: 1,640 SF (Unit 107, $2,300/month), 3,250 SF (Unit 109-111, $2,843.75/month), and 4,500 SF (Unit 155, $3,400/month).; Two-building retail center totaling 19,775 SF.; Abundant parking.
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    101-115 & 155-161 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

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    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
    101-115 & 155-161 Mundelein, IL 60060
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