28573 Schank Ave, Mundelein, IL 60060
This exceptional 3.13-acre commercial land parcel, located at 28573 Schank Ave in unincorporated Mundelein, Illinois (zip code 60060), presents a compelling investment opportunity. The property, encompassing APN numbers 10-22-200-016 & 10-23-100-042, includes a 568 square foot existing building. Its strategic location offers significant advantages. The Future Land Use Map designates the area for Retail/Commercial development, aligning perfectly with the high traffic counts in the vicinity. Schank Avenue sees 11,500 vehicles daily, while Route 176 and Route 60 boast 11,700 and 16,600 vehicles per day respectively. This prime location is conveniently situated just west of the Mundelein Crossing Shopping Center, ensuring high visibility and accessibility. The property's potential is further enhanced by the possibility of assembling additional land, approximately 2.3 acres to the north, which is also available. The property falls within the Freemont School District 79. Annual property taxes are $3,886. The asking price for this exceptional opportunity is $2,300,000. Contact us for further details.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.