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Redevelopment Opportunity on Route 60-83
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Route 60-83 and Midlothian Rd, Mundelein, IL 60060

Prime redevelopment site near Route 53 extension.

Space SizeContact for details
Days on Market261

Property Features for Route 60-83 and Midlothian Rd

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Peter Graham
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 9 at 11:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Chicago

Investment Insights

Based on property information with market context.

This property presents a redevelopment opportunity, encompassing approximately 50,000 square feet. The site is located near the proposed Route 53 extension. The surrounding area features a high average household income of approximately $112,000 within a 1-mile radius. Retailers in the vicinity include Walgreen's, Aldi, McDonald's, Burger King, and Dunkin' Donuts. The property is suitable for retail users.

Key Highlights

  • Prime redevelopment opportunity on a ±50,000 SF site.
  • High average household income (±$112,000 - 1 mile radius).
  • Proposed Route 53 extension just south of the site.

Property Analytics

Current Use

Retail space

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

88
Businesses Nearby

Demographics for 60060, IL

37,599
Population
13,827
Households
2.7
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
23.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$110,463
Median Household Income
$52,550
Median Earnings
$1,552
Median Rent
$299,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Prime redevelopment site near Route 53 extension.
Where is this retail space located?
The property is located at Route 60-83 and Midlothian Rd Mundelein, IL.
What are key features of this property?
This property features: Prime redevelopment opportunity on a ±50,000 SF site.; High average household income (±$112,000 - 1 mile radius).; Proposed Route 53 extension just south of the site.
More about this property
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