Excellent opportunity to own a standalone commercial property in a high-visibility, high-traffic location on North Lake Street in the heart of Mundelein. This versatile property features two lots (front and rear), offering a rare combination of retail/office exposure in the front with functional warehouse capability in the rear, along with future redevelopment potential. Key Highlights: Standalone building – ideal for owner-users or investors Prime main road frontage with strong visibility and traffic Dual-lot configuration providing flexibility and added value Rear area supports warehouse use, including truck-accessible loading capability Suitable for distribution, storage, contractor use, light industrial, or mixed-use operations Front portion ideal for retail, office, medical, cafe, or bakery (subject to zoning) Rear lot can be utilized for loading, parking, storage, or expansion Strong redevelopment opportunity – potential for multi-family or apartment development (subject to zoning and municipal approvals) This property is ideal for business owners seeking visibility with operational functionality, as well as developers looking to capitalize on land and location. Bring your vision-retail, bakery, office, warehouse, or future residential development-and unlock the full potential of this highly flexible site. Drive by today and explore the possibilities.
Property Details
Price:
$495,000
MLS #:
MRD12353142
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
ivanhoemundelein
Listed Date:
Apr 11, 2026
Total Sq Ft:
5,555
Year Built:
1967
See this Listing
Schools
Interior
Cooling
None
Exterior
Stories
1
Financial
HOA Fee Frequency
Not Applicable
Tax Year
2023
Taxes
$9,826
Map
Community
- Address324 N Lake Street Mundelein IL
- CityMundelein
- CountyLake
- Zip Code60060
Market Summary
Current real estate data for Commercial in Mundelein as of Oct 07, 2026
5
Commercial Listed
273
Avg DOM
$807,200
Avg List Price
Property Summary
- 324 N Lake Street Mundelein IL is a Commercial for sale in Mundelein, IL, 60060. It is listed for $495,000
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Copyright 2026. All rights reserved.
324 N Lake Street
Mundelein, IL


