470 North LAKE Street $675,000


    470 North LAKE Street MUNDELEIN, IL 60060

    • Commercial
    MLS# 10053305 | Active


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    Days On Market: 156 14 Views
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    Property Details

    Unique opportunity for qualified investors or developers to acquire a well-maintained building located on Illinois Route 45 in downtown Mundelein.12,840 sqft building and 35-car parking lot situated on a 29,536 sqft lot is comprised of 3-parcels and 100 feet of frontage. The building has two attractive entrances Zoned C-5 Downtown Commercial Permitted uses for the site include banks, restaurants, clinics, retail, and offices. The site is bordered by commercially zoned on the north, south, and east, and residential on the west. The property comes with significant tax advantages as it is located within the newly developed Downtown TIF II District. This building could easily be converted into multiple businesses and/or restaurant spaces with equal or varying sizes.The building is heated and cooled with rooftop and basement HVAC units that were all replaced within the past four years. The second story roof is asphalt-shingle. The basement is unfinished, dry for storage

    • General Features
      • Age Older
      • Information None
      • Potential Use Commercial, Condominium, Planned Unit Development, Retail
      • Building Type Office/Tech
      • Building SqFt. 12840
      • Zoning COMMR
      • Location Central Business District
      • Taxes EXEMPT
      • Gross Rental Income 0
      • County Lake
    • Building Features
      • Roofing Rubber
      • Construction Concrete, Wood Frame
      • Building Exterior Block, Stucco
      • Heating Forced Air
      • Air Conditioning Central Air
    • Property Features
      • Foundation Concrete
      • Utilities Electric to Site, Gas to Site, Sanitary Sewer to Site, Sewer-Storm Available, Water-Municipal
      • Electrical Service 201-600 Amps


    Robb Satten, ABR,CDPE,CRS,GRI

    Broker Associate

    RE/MAX Showcase

    Primary: 847-875-8201


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    Market Last 30 Days

    Market information available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $675,000
    8/21/2018 12:08:48 AM Status Changed Source New Value: Active
    8/15/2018 6:25:00 PM New in Database Source

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