700 Lk St Mundelein, IL 60060-1357
Property profile & analytics
700 Lk St Mundelein, IL 60060-1357
- Office buildings
- 18,216 SF
- 0.34 lot acres
Property ID
US28-1245710
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
- Office buildings
Property Details for 700 Lk St
- Year built
- 1979
- Construction
- FRAME
- Lot size
- 0.34 lot acres
- Property size
- 18,216 SF
- Property type
- Office buildings
- APN
- 10-24-405-069
- APU
- 1024405069
Description
This exceptional mixed-use property, located at 700 N Lake Street in Mundelein, Illinois, presents a compelling investment opportunity. The two-story brick building boasts a substantial 26,595 square feet of space, strategically situated on a corner lot with convenient access to major roadways, Route 45 and Route 176, featuring curb cuts for easy ingress and egress. The first floor comprises three individual office suites, complete with shared public restrooms and a well-equipped kitchen area. The second floor mirrors this functionality, offering seven additional office suites and shared restrooms, ensuring ample space for tenants. Importantly, all units are currently leased, providing immediate and consistent rental income. Beyond the main floors, a lower level adds further versatility with a community room, two potential office suites, additional restrooms, and a dedicated storage room. Recent upgrades significantly enhance the property's value and appeal. These include a newer roof, newer windows, and brand new carpeting throughout the hallways and stairwells. The parking lot was also repaved in 2019, ensuring convenient and well-maintained parking for tenants and visitors. This fully leased, well-maintained property offers a strong return on investment with significant potential for future growth. The prime location and substantial square footage make this an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The asking price is $779,900.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $505,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,106,000
- AI Estimate
- $768,000
Market price range: $1.11M - $3.52MMarket price range: $768k - $2.51M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mundelein
- County
- Lake
- State
- Illinois
- Longitude
- -88.0044
- Latitude
- 42.2741
- 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
$26,821
$44,471
$214,953
$259,424
-
$133,426
$644,923
$778,349
