Prime Commercial Mixed-Use Opportunity | 2.91 Acres | Mundelein, IL | $1,500,000 Rarely does a commercial opportunity this well-positioned come to market. Situated at the highly visible intersection of Route 176, Route 60/83, and Schank Road in Mundelein, Illinois, this 2.91-acre commercial mixed-use property offers an exceptional combination of location, flexibility, and immediate livability. With IDOT-reported daily traffic counts averaging 15,000 to 20,000 vehicles, your business will enjoy outstanding visibility and consistent exposure in one of the area’s most sought-after corridors. The surrounding community boasts a median household income exceeding $108,000, reflecting a strong and affluent customer base ready to support your venture. Positioned at the heart of one of Lake County’s fastest-growing markets, this property is surrounded by new and expanding residential subdivisions bringing a steady influx of new households-and new customers-directly to your doorstep. The area’s rapid residential growth is matched by a thriving and expanding retail corridor nearby, with shopping, dining, and service businesses continuing to grow and attract even more traffic to the region. Getting in now means positioning your business ahead of the curve as the community continues to flourish. The commercial mixed-use zoning unlocks a wide range of possible uses-including car wash, fast food, landscaping operations, and much more-making this an ideal canvas for a variety of entrepreneurial visions. Adding to the property’s versatility is a residential home that provides the perfect live-and-work setup. The home features two generously sized bedrooms, a full kitchen, a large bathroom, and an unfinished full basement with laundry-offering ample room to expand and customize. A large garage adjacent to the home provides convenient storage for vehicles and equipment. The separate office building allows you to work right by your home and literally walk a few steps home. Whether you’re an owner-operator looking to plant roots, an investor seeking high-visibility commercial land, or an entrepreneur ready to build your next venture-this property checks every box. Seize this rare opportunity to own a high-traffic, strategically located commercial asset right in the path of Mundelein’s exciting growth.
Property Details
Price:
$1,500,000
MLS #:
MRD12616692
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
ivanhoemundelein
Listed Date:
Apr 11, 2026
Total Sq Ft:
1,725
Year Built:
1951
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Stories
1
Financial
Tax Year
2024
Taxes
$22,475
Map
Community
- Address20922 W Il Route 176 Mundelein IL
- CityMundelein
- CountyLake
- Zip Code60060
Market Summary
Current real estate data for Commercial in Mundelein as of Jun 14, 2026
4
Commercial Listed
273
Avg DOM
$836,000
Avg List Price
Property Summary
- 20922 W Il Route 176 Mundelein IL is a Commercial for sale in Mundelein, IL, 60060. It is listed for $1,500,000
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Copyright 2026. All rights reserved.
20922 W Il Route 176
Mundelein, IL


