Property profile

870 Tower Rd Mundelein, IL 60060

OFF-MARKET
Industrial properties
Property ID
US28-1874217
Entity Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4,000 square foot industrial condo unit, located at 870 Tower Rd in Mundelein, Illinois, presents a fantastic leasing opportunity. Situated within a larger 21,989 square foot building, this Class B property offers a 17' 6" ceiling height, ideal for various industrial uses. The unit features one drive-in door (12' x 14'), providing convenient access for loading and unloading. Ample power is available with a 400-amp service. The property is zoned M-1, allowing for a range of industrial applications. Built in 1990, the single-story building is part of a multi-tenant complex with a total of four suites. While the minimum divisible space is 4,000 square feet, the maximum contiguous space available for lease is also 4,000 square feet. The property includes eight parking spaces for employee and visitor convenience. This location in Lake County, Illinois (zip code 60060) offers easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The currently vacant 4,000 square foot space is ready for immediate occupancy. This is a rare opportunity to secure a well-maintained industrial space in a desirable location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
APN 11-31-203-035
UPID US28-1874217

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

870 Tower Rd Mundelein, IL 60060
Mundelein metro Census 864002 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$665k

Owner & transaction history

since 2023
Last sale
$565,000
4 recorded transactions
2023
$565,000
2020
$1.4M
2012
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 870 Tower Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message