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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

799 Us-45 Mundelein, IL 60060

3,503 SF 0.51 ac lot Built 1965
Property ID
Property summary
AI-generated overview

This vacant, 3,503-square-foot restaurant building presents a unique investment opportunity in Mundelein, Illinois. Located at 799 US-45, this C-Class property boasts a high-traffic location near the intersection of Route 83 and US Highway 45. Built in 1965 and renovated in 2013, the single-story building sits on a 0.51-acre lot with ample parking (42 spaces). The property is zoned C-2, offering flexibility for various uses. The existing restaurant space includes a large, fully equipped kitchen featuring a walk-in freezer, upright oven, gas stove, deep fryer, ice machine, dishwasher, triple sink basin, prep station, and additional basement storage. The asking price is $800,000, translating to $228.38 per square foot. This established location, previously a restaurant for over 40 years, offers potential buyers numerous options: continue operating a restaurant or bar, or explore redevelopment possibilities. The property's APN is 15062010020000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1965
Total area 3,503 SF
Lot 0.51 ac (22,216 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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