25765-25767 Hillview Ct - Flex FOR SALE


Mundelein, IL 60060
$2,200,000 USD
312-957-7196
25765-25767 Hillview Ct, Mundelein, IL for Sale
$2,200,000 USD
Flex - FOR SALE
1/13
null | Request Cap Rate

25765-25767 Hillview Ct
Mundelein, IL 60060


HIGHLIGHTS

  • 22,000-SF Flex Building
  • Upside Potential
  • Strategic Location
  • Limited Competition

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the flex building located at 25765-25767 Hillview Court in Mundelein, Illinois (the “Property” or “Building Two”). The Property, also known as Building Two, is positioned within Midlothian Center, a well-maintained six building corporate park. Building Two contains a total of 22,000 square feet of gross leasable area on a 1.29-acre parcel. The Property has seven (7) suites and is 93.18% leased to a complimentary mix of local tenants that serve the needs of the area residents. Building Two offers a stable and secure income stream with upside through the lease up of the vacant space. The Property is strategically located along N Midlothian Road, adjacent to the signalized intersection of N Midlothian Road and N Gilmer Road, the area’s primary corridors. The attractive and well-maintained Property benefits from limited competition as most of the area’s flex and industrial properties and parks are located along the Route 21 corridor in Vernon Hills and along the Route 22 corridor in Lake Zurich. Building Two enjoys convenient access to the area’s primary roadways, residential neighborhoods providing a built-in workforce, and the larger commercial centers of Libertyville, Vernon Hills, and Buffalo Grove, Illinois. Mundelein is a vibrant suburban village located in Lake County, approximately 40 miles northwest of downtown Chicago.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midlothian Building 2

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

11

DRIVE INS

11

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.29

LAND SF

56,192

ZONING

M-1, L-1

APN/PARCEL ID

14-03-204-006

ASK ABOUT THIS PROPERTY

Sean SullivanHorvath & TremblayMore Info
312-957-7196

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Sean SullivanHorvath & TremblayMore Info
312-957-7196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.