1. Illinois
  2. Mundelein
  3. 1500 S Lake Street
$1,649,000

1500 S Lake Street, Mundelein, IL 60060

  • 10,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1976
  • Property Lot Size Icon0.84acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $165/sqft
  • Property List Date Icon Listed 24 days ago

Property Description

| 2 Units Vacant | Pro Forma Cap Rate: 8.80. This high-visibility retail center features four 2,500 SF suites, with flexible design allowing two units to be easily combined into a spacious 5,000 SF layout. Located in a thriving retail corridor with over 26,000 vehicles passing daily, the property offers prime exposure for both national tenants and local operators. Two units are currently vacant, offering immediate upside through lease-up. An eye-catching marquee sign enhances tenant visibility, while abundant parking and easy access drive consistent customer flow. Surrounded by restaurants, retailers, and service providers, this site offers a dynamic environment for sustained tenant success. Perfect for investors seeking a stabilized asset with lease-up potential and long-term upside.

Listing Status:
Active
Listing Office:
Listing Leaders Northwest, Inc : 219-961-5478
Listing Agent:
Joseph Batliner : 224-401-9152
MLS ID:
12403362
  • A/C: Central Air

This listing courtesy of Joseph Batliner, Listing Leaders Northwest, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Diamond Lake School

25807 N Diamond Lake Rd, Mundelein, IL, 60060

Grades PK-2

0.52 miles away

W

West Oak Middle School

26156 N Acorn Ln, Mundelein, IL, 60060

Grades 6-8

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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