605-625 N Midlothian Rd - Retail FOR SALE


Mundelein, IL 60060
$1,400,000 USD
630-430-2368
605-625 N Midlothian Rd, Mundelein, IL for Sale
$1,400,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

605-625 N Midlothian Rd
Mundelein, IL 60060


HIGHLIGHTS

  • Value-Add Opportunity
  • Strategic Location
  • Ongoing Community Investment
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the retail plaza located at 605-625 N Midlothian Road in Mundelein, Illinois (the “Property” or “Building Two”). The Property contains 9,750 square feet of gross leasable area on a 1.22-acre parcel and is configured with six (6) individual retail suites ranging from approximately 850 to 2,400 square feet. The Property is currently 18.46% leased to Tamales Diana, a local restaurant, with five (5) suites vacant. The flexible suite sizes provide significant lease-up and value-add potential. The Property is strategically positioned at the signalized intersection of N Midlothian Road and W Maple Avenue (IL Route 176) within an established retail corridor. The surrounding area features a strong mix of retail, restaurants, medical services, and other neighborhood-oriented businesses, with the Property directly across from Mundelein High School and near established residential neighborhoods. The Property also benefits from convenient access to major commercial areas throughout Mundelein and neighboring communities, including Libertyville and Vernon Hills. Mundelein is a vibrant suburban village located in Lake County, approximately 40 miles northwest of downtown Chicago.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,341 SF

ZONING

C2, Mundelein

APN/PARCEL ID

10-24-306-002,10-24-306-004

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
630-430-2368

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Mark HeideckeHorvath & TremblayMore Info
630-430-2368

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