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Property profile

900 Butterfield Rd Mundelein, IL 60060

OFF-MARKET
Land
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0.95 ac lot

Property summary

AI-generated overview

This exceptional 0.95-acre commercial land parcel, located at 900 S. Butterfield Rd in Mundelein, IL (zip code 60060), presents a unique investment opportunity. The property boasts a highly desirable GC (Commercial) zoning designation, allowing for a variety of development options. With approximately 41,210 square feet of land, the site offers significant potential for a range of commercial uses, including medical offices, retail strip centers, or professional buildings. The property's strategic location on busy Butterfield Road provides excellent visibility and accessibility, further enhanced by its adjacency to Butterfield Plaza, sharing a curb cut and boasting over 130 feet of road frontage. Currently featuring a large rental home and detached garage, these structures can be repurposed or demolished to suit the buyer's vision. The property's APN is 11321000100000, and it is offered as a fee simple ownership. The Butterfield commercial corridor benefits from substantial traffic flow from neighboring communities such as Mundelein, Vernon Hills, and Libertyville. The City of Mundelein may offer business incentives, making this an even more attractive proposition. This is a prime opportunity to establish a thriving business in a vibrant and growing area. The asking price is $389,000. MLS # 0907324.

Property profile

Verified
Property type Land
Lot 0.95 ac (41,382 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

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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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