Active

324 Lake Street

Mundelein, IL 60060
$495,000
0beds
0baths
sqft
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About this home

Excellent opportunity to own a standalone commercial property in a high-visibility, high-traffic location on North Lake Street in the heart of Mundelein. This versatile property features two lots (front and rear), offering a rare combination of retail/office exposure in the front with functional warehouse capability in the rear, along with future redevelopment potential. Key Highlights: Standalone building - ideal for owner-users or investors Prime main road frontage with strong visibility and traffic Dual-lot configuration providing flexibility and added value Rear area supports warehouse use, including truck-accessible loading capability Suitable for distribution, storage, contractor use, light industrial, or mixed-use operations Front portion ideal for retail, office, medical, cafe, or bakery (subject to zoning) Rear lot can be utilized for loading, parking, storage, or expansion Strong redevelopment opportunity - potential for multi-family or apartment development (subject to zoning and municipal approvals) This property is ideal for business owners seeking visibility with operational functionality, as well as developers looking to capitalize on land and location. Bring your vision-retail, bakery, office, warehouse, or future residential development-and unlock the full potential of this highly flexible site. Drive by today and explore the possibilities.
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1967
Lot size
Annual tax$9,825.84
CountyLake
MLS #MRD12353142
Days on market7

Features

Cooling
None
Listed by
RE/MAX SAWA
Muhammad Haroon

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/17/2026, 5:06:02 AM. All data should be independently verified.

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