Property profile

505 Hawley St Mundelein, IL 60060

OFF-MARKET
Office Spaces
12,600 SF 0.86 ac lot Built 1979
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1979
Total area 12,600 SF
Lot 0.86 ac (37,462 SF)

Cap rate & NOI

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

Location

505 Hawley St Mundelein, IL 60060
Mundelein metro
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Value estimations

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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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