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    OFF-MARKET
    Office Spaces

    511 Hawley St, Mundelein, IL 60060

    2,364 SF Built 1954
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2,364 square foot single-story executive office building located at 511 E Hawley St, Mundelein, IL 60060. Built in 1954, this property sits on a 3,193 square foot lot and is zoned C5C, offering significant potential for future development or continued operation as a thriving business. Currently, the entire building is leased to Lake County Physical Therapy, providing a stable income stream for the new owner. The property boasts seven parking spaces, a significant advantage in this location. The building's single-story design offers ease of access and functionality. The address is 511 E Hawley St, Mundelein, IL, within Lake County. The property's APN is 11-30-102-061-0000. This turnkey operation presents a rare chance to acquire a well-located, income-producing asset in a desirable area. The asking price for this property is $185,000. This represents a strong return on investment given the current lease and the potential for future appreciation. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1954
    Total area 2,364 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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