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1500 Lake Street

Mundelein, IL 60060
$1,649,000
0beds
0baths
sqft
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About this home

| 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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1976
Lot size
Annual tax$25,642
CountyLake
MLS #MRD12403362
Days on market305

Features

Cooling
Central Air
Listed by
Listing Leaders Northwest, Inc
Joseph Batliner · 224-401-9152

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/25/2026, 8:39:34 AM. All data should be independently verified.

$1,649,000
0 bd · 0 ba
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