739 Lk St Mundelein, IL 60060-1322
Property profile & analytics
739 Lk St Mundelein, IL 60060-1322
- Industrial properties
- 0.93 lot acres
Property ID
US28-2431298
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
- Industrial properties
Property Details for 739 Lk St
- Lot size
- 0.93 lot acres
- Property type
- Industrial properties
- APN
- 11-19-300-038
- APU
- 1119300038
Description
This exceptional investment opportunity presents a 20-year absolute NNN ground lease for a Thorntons gas station located at two addresses in Mundelein, Illinois: 739 N Lake St and 10 E Maple Ave, zip code 60060. The property boasts a 4,400 square foot building on a 1.43-acre lot, built in 2024. The lease commenced March 30th, 2024, and expires March 31st, 2044, with a remaining term of approximately 19.4 years. The property features eight gas pumps and generates a Net Operating Income (NOI) of $125,000, resulting in a 5.35% cap rate. The asking price is $2,336,000. Rent increases by 10% every five years, ensuring consistent income growth. The lease includes six five-year renewal options. This strategically located gas station benefits from high visibility at a signalized intersection with high average daily traffic counts (11,600 AADT on East Maple Avenue and 18,300 AADT on North Lake Street). The surrounding area boasts strong demographics, including a population of 111,158 within a 5-mile radius, an average household income of $171,980, and an average home value of $455,768. The property's proximity to major employers, including those within the 1.2 million square foot Innovation Office Park, and educational institutions like the University of St. Mary of the Lake and Advocate Condell Medical Center, further enhances its appeal. This is a turnkey investment with no landlord responsibilities, offering significant long-term value in the thriving Chicago MSA.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mundelein
- County
- Lake
- State
- Illinois
- Longitude
- -88.0036
- Latitude
- 42.2746
- 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
$7,298
$54,876
$16,463
$71,339
-
$164,644
$49,394
$214,038
