| 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.
Property Details
Price:
$1,649,000
MLS #:
MRD12403362
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
ivanhoemundelein
Listed Date:
Jun 25, 2025
Total Sq Ft:
10,000
Year Built:
1976
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Stories
1
Financial
HOA Fee Frequency
Annually
Tax Year
2024
Taxes
$25,642
Map
Community
- Address1500 S Lake Street Mundelein IL
- CityMundelein
- CountyLake
- Zip Code60060
Market Summary
Current real estate data for Commercial in Mundelein as of May 16, 2026
5
Commercial Listed
260
Avg DOM
$1,018,600
Avg List Price
Property Summary
- 1500 S Lake Street Mundelein IL is a Commercial for sale in Mundelein, IL, 60060. It is listed for $1,649,000
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Copyright 2026. All rights reserved.
1500 S Lake Street
Mundelein, IL


