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Property profile

950 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 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.

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

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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