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    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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