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Property profile & analytics

404 Washington Blvd Mundelein, IL 60060

  • Commercial real estate
  • 1.42 lot acres
For Sale
Last Sale
Jan 27, 2023
$700,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1316000
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.

Current Use by Public Records

  • Commercial real estate

Property Details for 404 Washington Blvd

Lot size
1.42 lot acres
Property type
Commercial real estate
APN
11-30-401-054
APU
1130401054

Description

This exceptional 31,600 square foot industrial building, situated on a generous 2.38-acre lot in Mundelein, Illinois, presents a compelling investment opportunity. The property boasts a well-maintained structure with ample parking, specifically designed for outside storage and truck parking. The building's layout is highly functional, incorporating 21% office space and the remaining area dedicated to warehouse operations. Key features include a loading dock equipped with a leveler, a 10-foot drive-in door, and substantial heavy power capacity. The column spacing is 28 feet, offering flexibility for various layouts and configurations. Its strategic location provides excellent access to major transportation arteries, including a convenient 4.5-mile proximity to the I-94 & Townline Road interchange. Additional access is readily available via Hawley/Route 176, Lake Street, Route 45, Route 60, and Route 83. The property's versatility allows for either full occupancy by a single owner-user or subdivision into smaller units to generate additional rental income. Recently under new ownership, the building has undergone a complete renovation, ensuring modern functionality and efficiency. This property represents a rare opportunity to acquire a high-quality industrial asset in a desirable location with significant potential for growth and return on investment. The asking price is $1,950,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $820,000
    ML approach
    $820,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Mundelein
County
Lake
State
Illinois
Longitude
-87.9873
Latitude
42.2578
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
$35,536
$102,952
$33,523
$136,475
-
$308,887
$100,579
$409,466
More about this property
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