505 Hawley St, Mundelein, IL 60060
This exceptional 12,600-square-foot executive office building in Mundelein, Illinois, presents a compelling owner-user opportunity. Located at 505 E. Hawley St, this two-story building, constructed in 1979, sits on a 0.86-acre lot and boasts 53 parking spaces. The property is zoned C5C and features ample parking, a prominent monument sign, and convenient access to Routes 176 and 45. The building offers a solid construction, with each floor equipped with common restrooms. The interior features 8-foot ceilings and a central air (rooftop) HVAC system. Electrical service is 800 AMP. While not sprinklered, the building offers significant potential for an owner-user seeking to occupy space while generating income from leased suites. The property includes six restrooms, one with a shower. City sewer and water services are available. Property taxes are $31,676.52 annually, and the asking price is $660,000. The property's Parcel Identification Number (PIN) is 11-30-102-044-0000. Currently, there is vacancy within the building. This presents a unique chance to acquire a well-situated office building with significant upside potential.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.