Financial
Distress signals
Property profile

404 Washington Blvd Mundelein, IL 60060

FOR LEASE
Other commercial real estate
Property ID
US28-1316000
1.42 ac lot
Last sale Nov 2025 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a warehouse building totaling approximately 31,600 square feet, located in the second largest municipality in Lake County. It includes a large outdoor parking and storage area suitable for truck parking and outdoor storage use. The building features interior column spacing of about 28 feet, supporting flexible layout and storage-oriented operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$36k
Tax billed · 2023
Assessed value$136k
Assessed land$103k
Assessed improvement$34k
Effective rate26.04%

Value estimate

· Sep 2026
$770k
$693k – $847k
AI approach$820k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 298,100.00% cap applied$36k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$181/SF
County average, outlier-cleaned · 196 recorded sales of this use type
Observed band · Q1–Q3$96 – $317

Cap rate analysis

How does the asset earn?
298,100.00%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.6
Pharmacy12.7
Skin Care Clinic10.2

Location

404 Washington Blvd Mundelein, IL 60060
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1395 Wilhelm Rd, Mundelein, IL 60060-4476 $440,000 Jan 2026 No data
305 Townline, Mundelein, IL 60060-4224 $20,000 Jan 2026 No data
416 Morris, Mundelein, IL 60060-1919 $380,000 Dec 2025 No data
333 Il Rte 83, Mundelein, IL 60060-4214 $3,250,000 Dec 2025 No data
320 Hawley, Mundelein, IL 60060-2449 $325,000 Dec 2025 No data
615 Lk, Mundelein, IL 60060-1828 $225,000 Oct 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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