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E 875-899 Us 45 Hwy, Mundelein, IL 60060
0 Beds
0 Baths
n/a sqft

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Enough frontage for 18 storefronts with a daily traffic count close to 13000! Just under 420 feet frontage situated for a very profitable investment. Multi family rezoning possible but not easily profitable due to high connection fees for sewer and costly water main issues. Better possibility is commercial incubator space where the market condition is extremely favorable. Near full occupancy in local incubator rentals. Think supply and demand. C3 Zoned, will allow for a myriad of uses. Mundelein, in response to numerous inquiries, will consider a blanket variance to allow even more tenant possibilities. Kathcon is developing plans to build an incubator project of approximately 40000 square feet of rentable space in the $9-10 per sq ft range. Don't want to eat the elephant all at once? Contact Kathcon for updated details for investor participation.
  • Price:
  • $849,900
  • Acreage:
  • 2.99
  • Listing ID #:
  • 10142408
  • Street Address:
  • E 875-899 Us 45 Hwy
  • City:
  • Mundelein
  • State:
  • Illinois
  • Postal Code:
  • 60060
  • County:
  • Lake
  • Community:
  • Ivanhoe / Mundelein
  • Listing Status:
  • Active
2
out of 5

Diamond Lake Elementary School
Public
2-4
292 students
10 student/
teacher
5
out of 5

Adlai E Stevenson High School
Public
9-12
4260 students
16 student/
teacher
  • Existing Land Use:
  • Commercial, Residential-Single Family
  • Lot Description:
  • Level
  • Lot Size:
  • 2.0-2.99 Acres
  • Road Surface:
  • Asphalt
  • Suitable Use:
  • Commercial
  • Property Taxes:
  • $26,766
  • Tax Year:
  • 2017
  • Cooling System:
  • Central Air

The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Kathcon Real Estate Services
  • MRED
  • Schools information provided by ATTOM

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