IL
Lake
Mundelein
60060
1500 S Lake Street
1500 S Lake Street, Mundelein, IL 60060
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Listing Type
Commercial/Industrial
Listing Status
active
45
$1,649,000

Home Details for 1500 S Lake Street

Price
$1,649,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1976
County
Lake
Garage
Days on site
88
MLS Listing#
12403362
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
  • Cooling Information
    • Central Air
Listing Courtesy: Listing Leaders Northwest, Inc - 219-961-5478
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-03 21:11:55. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-03 21:11:55
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EXIT REAL ESTATE SPECIALISTS
2405 Essington Rd. Unit 1, Joliet, IL 60435
Eddie Ruettiger
License #: 471022127
Franchisee
Office
815 457 7575
Agent
815 823 5478
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