2.99 Acres in Lake County

875-899 East US 45 Highway Mundelein IL 60060  |  Lake County, IL
  • $899,900
  • 2.99 acres

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Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: MREDIL
Irrigated: No
Residence: No
Property ID: 8807333

Property Description

Enough frontage for 18 storefronts with a daily traffic count close to 13000! Just under 420 feet frontage situated for a very profitable investment. Multi family rezoning possible but not easily profitable due to high connection fees for sewer and costly water main issues. Better possibility is commercial incubator space where the market condition is extremely favorable. Near full occupancy in local incubator rentals. Think supply and demand. C3 Zoned, will allow for a myriad of uses. Mundelein, in response to numerous inquiries, will consider a blanket variance to allow even more tenant possibilities. Kathcon is developing plans to build an incubator project of approximately 40000 square feet of rentable space in the $9-10 per sq ft range. Don't want to eat the elephant all at once? Contact Kathcon for updated details for investor participation.

Copyright 2019 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Map


Driving Directions

Located on US Hwy 45 approximately 0.2 miles southeast of the intersection of US Hwy 45 and Rte 83 on south side of road.

Contact Seller

Thomas Miller

Kathcon Real Estate Services

(847) 812-3023 (work)

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Contact Seller

Thomas Miller

Kathcon Real Estate Services

(847) 812-3023 (work)

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