950 Butterfield Rd, Mundelein, IL 60060
This exceptional 0.95-acre commercial land parcel, located at 950 S. Butterfield Rd in Mundelein, Illinois (APN 11-32-100-011), presents a unique investment opportunity. The property boasts a General Commercial (GC) zoning designation, allowing for diverse development options such as a medical office, retail strip center, or professional building. Situated on a busy stretch of Butterfield Road, the site benefits from over 130 feet of frontage and approximately 20,600 vehicles passing daily, ensuring high visibility and accessibility. The land currently includes a rental home and two large detached garages, which can be repurposed or demolished to accommodate new construction. A substantial gravel parking area behind the home provides ample space and access to the garages. This property adjoins an additional available acre site with a shared curb cut, offering potential for expansion or synergistic development. The Butterfield Commercial Corridor is strategically located to serve Mundelein, Vernon Hills, and Libertyville. The City of Mundelein may offer business incentives. Please note that the tenant should not be disturbed. The lot size is approximately 41,210 square feet.
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
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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.