The subject property consists of 24 acres of raw land on the NEC of IL Route 60/83 and Midlothian Road located in Mundelein in unincorporated Lake County. The property is not currently improved. The parcel is currently zoned as R-1 Residential with a small corner zoned GC General Commercial. If this property is annexed into the Village of Mundelein, it will default to the R-1 Single-Family Residential zoning district. The property is well suited for a residential development that may include single-family homes, multi-family homes for senior living. This area is also ideal for a mixed-use development which may include some or all of these housing options. The hard corner is ideal or retail, more specifically a fuel station, convenience store, and/or fast-casual restaurant concept - particularly at the lighted intersection - and similar developments surrounding the property.
- Price:
- $6,168,000
- Acreage:
- 24.00
- Listing ID #:
- MRD11255956
- Street Address:
- 26997 Highway 83 Hwy Midlothian Rd
- City:
- Mundelein
- State:
- Illinois
- Postal Code:
- 60060
- County:
- Lake
- Community:
- Ivanhoe / Mundelein
- Listing Status:
- Active
- Listing Type:
- Land
School District: 75
9-12
2027 students
18 student/teacher
- Existing Land Use:
- Commercial, Multi-Family, Single Family, Retail
- Lot Size:
- 10.0-24.99 Acres
- Road Type:
- Asphalt
- Days On Market:
- 270
- Originating Mls:
- Mred
- Ownership:
- Fee Simple
- Tax Year:
- 2020
- Utilities:
- Electric Nearby, Gas Nearby, Water Nearby
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Sperry Van Ness
