1079 Maple Ave Mundelein, IL 60060-1652
Property profile & analytics
1079 Maple Ave Mundelein, IL 60060-1652
- Gas stations
- 3,180 SF
- 0.65 lot acres
Property ID
US28-2383667
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Gas stations
Property Details for 1079 Maple Ave
- Year built
- 1997
- Construction
- BRICK
- Lot size
- 0.65 lot acres
- Property size
- 3,180 SF
- Property type
- Gas stations
- APN
- 10-24-306-001
- APU
- 1024306001
Description
This exceptional investment opportunity presents a 1,794 square foot Grease Monkey auto shop in Mundelein, IL, a top-performing location within the Chicago MSA. Boasting a 6.50% cap rate and over 11 years remaining on a Net Lease (NN) with a corporate guarantee, this single-tenant property offers significant long-term value. Located at a signalized intersection on a 0.64-acre lot with 9 parking spaces, the property benefits from high visibility and traffic counts exceeding 21,000 vehicles daily. Situated across from Mundelein High School and near a Jewel-anchored retail center, it enjoys strong demographics, with average household incomes exceeding $140,000 within a three-mile radius and over 45,000 residents in the immediate area. The lease includes three 5-year renewal options with 10% rent increases every five years, ensuring consistent income growth. Built in 1997, this Class C property is zoned C-2 and offers limited landlord responsibilities (roof and structure only). The property's strong location, long-term lease, and built-in rent increases make it an attractive investment with excellent residual value. The Net Operating Income (NOI) is $111,042, and the asking price is $1,708,000. The property's APN is 10-24-306-001.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mundelein
- County
- Lake
- State
- Illinois
- Longitude
- -88.0184
- Latitude
- 42.2749
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,194
$89,641
$82,376
$172,017
-
$268,950
$247,153
$516,103
