Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    710-738 Butterfield Rd Mundelein, IL 60060

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail, Multiple Units, High Traffic

    Lot size:
    7,590 SF

    Property Features for 710-738 Butterfield Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,590 SF
    Class
    B

    Building Details

    Buildings
    1

    Spaces For Lease

    at 710-738 Butterfield Rd, Mundelein, IL 60060 Contact us
    Unit 710-712 S Butterfield

    $16 /Mo

    Size
    2,500 SF
    Contact us
    Unit 734 Butterfield Rd

    $16 /Mo

    Size
    3,840 SF
    Contact us
    Unit 724 Butterfield

    $16 /Mo

    Size
    1,250 SF
    Contact us

    We can help!

    Listing Contact
    David Coupe
    David Coupe

    Listing Agency: SVN | Chicago Commercial Listing Agent: David Coupe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, located at 710-738 S. Butterfield in Mundelein, Illinois (zip code 60060), offers a unique opportunity for multiple businesses. Situated on 3.46 acres of land, this Class B building features a total of 5,000 square feet of vacant space, divisible into units ranging from a minimum of 1,214 square feet to a maximum contiguous space of 2,500 square feet. The property is zoned C and is conveniently located near the intersection of Butterfield Road and Allanson Road, ensuring high visibility and accessibility. The property boasts a strong tenant mix, including established businesses such as Mambo Italiano, Hitz Pizza & Sports Bar, and P K Bennett Jewelers. Several spaces are available, including a second-generation restaurant space, an existing nail salon, and a former dental practice. Annual property taxes are $4.18 per square foot. While the building does not include elevators, its ground-level access makes it highly convenient for customers and businesses. This is a rare opportunity to establish or expand your business in a thriving Mundelein retail center. The property's location in Lake County, Illinois, offers excellent access to major transportation routes and a strong local customer base. Contact us today to learn more about this exciting opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -87.9805367
    Latitude
    42.2531178

    Nearby Similar for Lease

    • Contact for pricing

      Mundelein Office Space For Rent

      720 sq ft office space in Mundelein, Illinois.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space Available

      Office space for rent in Mundelein, Illinois.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space For Rent

      Office space available in Mundelein, high visibility location.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space For Rent

      Office space available in Mundelein with high visibility.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space For Rent

      Office space available in Mundelein with high visibility.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space For Rent

      Office space available in Mundelein with high visibility.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Mundelein Office Space Available

      Office space for rent in Mundelein, high visibility location.
      500 N Lake St, Mundelein, IL 60060
      View Details
    • Contact for pricing
      143,424 SF

      Grocery Anchored Retail Space Available

      Retail spaces for lease in busy Mundelein shopping center.
      1501 South Lake St, Mundelein, IL 60060
      View Details
    • $7 SF/Yr
      60,000 SF

      Mundelein Industrial Space For Lease

      60,000 SF industrial space with office and loading docks.
      1700-1710 Butterfield Rd, Mundelein, IL 60060
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in High-Traffic Area

      Retail and restaurant spaces available in busy Mundelein location.
      340-372 Townline Rd, Mundelein, IL
      View Details
    • $10 SF/Yr
      62,304 SF

      Hawley Commons Retail Center

      Grocery-anchored retail space in Mundelein, IL
      311 Seymour Ave, Mundelein, IL 60060
      View Details
    • $3,400 /Mo
      4,500 SF

      Retail Storefronts and Medical Office

      Three retail spaces available for lease in Mundelein, Illinois.
      157-161 N Seymour Ave, Mundelein, IL
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Retail, Multiple Units, High Traffic
    Where is this restaurant located?
    The property is located at 710-738 Butterfield Rd Mundelein, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    (312) 676-1866 Call to check price and availability
    Request Owner's contact information
    710-738 Butterfield Rd Mundelein, IL 60060
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    710-738 Butterfield Rd
    Mundelein, IL 60060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    710-738 Butterfield Rd Mundelein, IL 60060
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Coupe
    David Coupe
    Real Estate License ID: 471016180
    (312) 676-1866 (847) 812-8414
    Learn more
    Google sign-in failed. Please try again or use another login method.