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    OFF-MARKET
    Retail properties & Spaces

    0 Nec Maple Ave & Lk St, Mundelein, IL 60060

    4,936 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail property, located at the northeast corner of Maple Avenue and Lake Street in Mundelein, Illinois (zip code 60060), offers a unique investment opportunity. The 0.76-acre lot boasts a 4,936 square foot building with 4,936 square feet currently available for lease, sale, or build-to-suit. The property features 28 parking spaces and multiple curb cuts along Lake Street, providing convenient access. Its strategic location at a signalized intersection with approximately 34,800 vehicles per day ensures high visibility and accessibility. The site is ideally suited for a variety of retail uses, potentially including a drive-thru and outdoor patio seating. This location benefits from its proximity to a newly developed Thornton's, a newly constructed 139-unit townhome community (Morris Station), and a soon-to-open 165-unit apartment complex (Station 250, opening Summer 2024). The property is situated in a thriving area with a strong demographic profile, boasting approximately 41,000 residents within a three-mile radius and an average household income of approximately $154,000 per year. The property is zoned for commercial use and is ready for immediate occupancy. This is a rare opportunity to acquire a prime retail space in a rapidly growing area of Lake County.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 4,936 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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