Property profile

0 Nec Maple Ave & Lk St Mundelein, IL 60060

OFF-MARKET
Retail properties & Spaces
4,936 SF 0.76 ac lot
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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 C-5 zoning designation and features a building with 4,936 square feet of space, adaptable to various retail uses. The site benefits from high visibility and accessibility, situated near a heavily trafficked intersection (approximately 34,800 vehicles per day) and offering convenient access via multiple curb cuts along Lake Street. Ample parking is available, with up to 28 spaces on-site. The property's design allows for a drive-thru and outdoor patio seating, enhancing its appeal to a wide range of potential tenants. Its strategic location is further enhanced by its proximity to a newly developed Thornton's, a newly constructed 139-unit townhome complex (Morris Station), and a soon-to-open 165-unit apartment complex (Station 250, opening Summer 2024). This prime location provides access to a substantial consumer base, with approximately 41,000 residents within a three-mile radius, boasting an average household income of approximately $154,000 per year. The property is also less than half a mile north of the Mundelein Metra Station. This presents a compelling opportunity for businesses seeking high visibility, strong demographics, and excellent accessibility in a thriving community. The property is available for sale or lease, and build-to-suit options may be considered.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,936 SF
Lot 0.76 ac (33,106 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nec Maple Ave & Lk St Mundelein, IL 60060
Mundelein metro
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Value estimations

Realmo proprietary · 4 methods
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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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