799 Us-45, Mundelein, IL 60060
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.
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.