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Property profile & analytics

870 Tower Rd Mundelein, IL 60060

  • Industrial properties
OFF-MARKET
Value Estimation
$625,000
Last Sale
Sep 21, 2023
$565,000
Location Intelligence
Property ID
US28-1874217
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

  • Industrial properties

Property Details for 870 Tower Rd

Property type
Industrial properties
APN
11-31-203-035
APU
1131203035

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $665,000
  • CAP approach

    CAP return
    Estimation
    6%
    $575,000
    6.5%
    $525,000
    7%
    $550,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $555,000
    Geo Method
    $535,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $585,000
    Retail
    $605,000
    Mixed-Use
    $470,000
    Hospitality
    $560,000
    Educational
    $575,000
    Residential Income
    $520,000
    Energy
    $435,000
    Income-Based Land
    $525,000
    Food Service
    $455,000

Location Insight

  • Map
  • Local Demand
City
Mundelein
County
Lake
State
Illinois
Longitude
-87.9911
Latitude
42.2508
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
$10,804
$27,448
$85,401
$112,849
-
$82,352
$256,229
$338,581
More about this property
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