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8 Properties Within 0.5 miles of: 875-899 E Us 45, Mundelein
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875-899 E Us 45
Mundelein, IL 60060

Price

$800,000

Est Payment
$6,800 / month (details)  
Taxes
$26,766  
Type
Land  
Sq. Ft.
n/a  
Lot Size
417 X 261 X 343 X 498  
Neighborhood
Ivanhoe / Mundelein  
MLS
#10142408
Status
Sold (8/6/2021)

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.

Property Map

Property Details

Utilities

  • Heating
  • Cooling Central Air
  • Water
  • Sewer

Additional Information

Schools
Adlai E Stevenson High School (125), District 76, Diamond Lake Elementary School (76)

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

11-21-2018 Listed at $899,900
05-12-2020 Price decreased by $50,000 to $849,900
05-24-2021 Status changed to Under Contract
08-09-2021 Status changed to Closed
08-06-2021 Sold at $800,000
Last Modified 8/9/21 2:34 PM

Nearby Transportation

  • I 94 East 4.4 mi
  • I 94 West 4.6 mi
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