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Property profile

900-950 Butterfield Rd Mundelein, IL 60060

OFF-MARKET
Land
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1.89 ac lot

Property summary

AI-generated overview

This exceptional 1.89-acre commercial land parcel presents a remarkable investment opportunity in the thriving Mundelein, Illinois market. Located on bustling Butterfield Road, this property boasts over 260 feet of frontage and benefits from a convenient existing curb cut, directly adjoining Butterfield Plaza. The site is zoned GC (General Commercial), offering considerable flexibility for a variety of development projects. Envision a medical office building, a retail strip center, or a professional office complex – the possibilities are vast. Currently featuring two rental homes, these structures can be repurposed or demolished to suit your vision. The property's strategic location within the Butterfield commercial corridor ensures high visibility and accessibility, drawing significant traffic from Mundelein, Vernon Hills, and Libertyville. The City of Mundelein may offer business incentives, making this an even more compelling proposition. This is a rare chance to acquire a substantial land holding in a prime location with excellent growth potential. Serious inquiries only

Property profile

Verified
Property type Land
Lot 1.89 ac (82,328 SF)

Cap rate & NOI

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

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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