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Property profile

0 Nec Maple Ave & Lk St Mundelein, IL 60060

OFF-MARKET
Retail properties & Spaces
View Sample
4,936 SF

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

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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