1500 S Lake Street, Mundelein, IL 60060

1 of 45

CommercialFor Sale

$1,649,000

1500 S Lake Street

Mundelein, IL 60060

Courtesy of Listing Leaders Northwest, Inc

Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID

10,000Sq Ft

Est. Mortgage

$8,612/mo

| 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.

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