SQUARE FEET10,000
MLS#12403362
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
| 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.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.84 Acres
Stories: 1.0
Taxes: $25,642
Year Built: 1976
Feature Descriptions
Current Use: Commercial
Electric: Circuit Breakers, Separate Meters
Fire Protection: Alarm On Site, Fire Extinguisher/s, Carbon Monoxide Detector(s)
HVAC: Central Heat/Indiv Controls, Forced Air
Lot Dimensions: 365.02 X 157.02 X 100
Number of Tenant(s): 2
Parcel#: 11313170060000
Parking: 31-50 Spaces
Tenant Pays: Air Conditioning, Electricity, Heat, Repairs, Sewer
Units: 4
Listed By / Shown By
Listed By
Agency Name: Listing Leaders Northwest, Inc
Agency Phone: 219-961-5478
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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1500 S Lake Street | MLS# 12403362
This commercial property located at 1500 S Lake Street, Mundelein, IL 60060 is currently listed for sale with an asking price of $1,649,000. Search Mundelein real estate on www.bhhscrosby.com today.