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About the Listing 28292 - 266467,268012
| 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.
Listing Highlights for 1500 S Lake St
Status
Active
Days on Site
81
Property Type
Commercial Sale
MLS ®
12403362
Year Built
1976
Total Square Footage
10,000
Lot/Acreage
0.84
County
Lake
Area
Ivanhoe / Mundelein
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air
- Heating: Central Heat/Indiv Controls,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 365.02 X 157.02 X 100
- Roof:
- Others:
- Sewer:
- Parking Features: 31-50 Spaces
Financial Details
- Tax Amount: $25,642
- Taxes w/Assessments: N/A
- Tax/Property ID: 11313170060000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
1500 S Lake St Mundelein, IL 60060
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