1500 South Lake Street, Mundelein, IL

$1,649,000

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About 1500 South Lake Street

| 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.

Features of 1500 South Lake Street

MLS® # 12403362
Price $1,649,000
Bathrooms 0.00
Acres 0.00
Year Built 1976
Type Commercial Sale
Sub-Type Retail/Stores
Status Active

Community Information

Address 1500 South Lake Street
Area Ivanhoe / Mundelein
City Mundelein
County Lake
State IL
Zip Code 60060

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 110
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeListing Leaders Northwest, Inc
Contact Info219-961-5478

Listing Map

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