Property profile

350 Townline Rd Mundelein, IL 60060

OFF-MARKET
Retail properties & Spaces
40,000 SF
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Property summary

AI-generated overview

Mundelein Square, located at 350-372 Townline Rd, Mundelein, IL 60060, presents a unique investment opportunity in a thriving retail center. This grocery-shadow anchored property offers 40,000 total square feet of commercial space, with 8,115 square feet currently vacant and divisible into units ranging from 1,050 to 2,100 contiguous square feet. The center features a diverse tenancy including medical, office, restaurant, and retail spaces, anchored by the popular Alef Sausage Deli and situated next to Garden Fresh Market. This high-traffic location benefits from its position at a major Mundelein intersection, ensuring excellent visibility and accessibility. The property boasts plentiful parking, catering to the needs of both tenants and customers. The area demonstrates extremely high average household income and significant traffic counts, making it an ideal location for businesses seeking strong market penetration. Lake County's robust economy further enhances the investment potential of this well-established retail center. The available space is perfect for a variety of businesses seeking a high-visibility location in a strong retail corridor.

Property profile

Verified
Property type Retail properties & Spaces
Total area 40,000 SF

Cap rate & NOI

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

Location

350 Townline Rd Mundelein, IL 60060
Mundelein metro
Google Maps

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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