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    Property profile & analytics
    OFF-MARKET Estimated value $565,000
    Industrial properties

    870 Tower Rd, Mundelein, IL 60060

    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-1874217
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $565k
    Owner & transaction history
    Bitco Realty North LLC · 2 yrs held
    Bitco Realty North LLC
    since 2023
    Last sale
    $565,000
    4 recorded transactions
    2023
    $565,000
    2020
    $1.4M
    2012
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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