1220 Lake Street

    Mundelein, IL 60060
    • $1,295,000
    • STATUS: Active
    • ON SITE: 82 days
    • MLS #: 10319550
    UPDATED: 224 min ago
    $1,295,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,600
      SQFT
    • $78
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Excellent lease or sale opportunity. This building is quality constructed masonry with windows and lots of natural light on 60,000 sf paved parking area, and on busy route 45. Current tenants are a daycare center and music school. Space for lease would make an excellent cafe, walk up clinic, salon, convenience, dental office, lawyers office, music store, or other small office. For sale building would be an ideal location for pharmacy (walgreens, cvs), grocery (Aldi, trader joe's or ethnic), auto retail or repair, school, daycare, floral. Attached warehouse would be excellent for owner occupied storage. Parking for 160-180 vehicles. Building is in good condition, but could be rehabbed or razed to suit purpose. Route 45 is the busiest street in the area with many residences nearby. Current tenant base provides lots of customer traffic also

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2019-06-15T23:51:11.883 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.thewexlergroup.com/homes/93022279

    1220 Lake Street Mundelein, IL 60060

    • Price: $1,295,000
    • Status: Active
    • Updated: 224 min ago
    • MLS #: 10319550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    16,600
    SQFT
    $78
    $/SQFT
    1979
    Built
    Neighborhood:
    Ivanhoe / Mundelein
    County:
    Lake
    Area:
    Ivanhoe / Mundelein
    Property Description
    Excellent lease or sale opportunity. This building is quality constructed masonry with windows and lots of natural light on 60,000 sf paved parking area, and on busy route 45. Current tenants are a daycare center and music school. Space for lease would make an excellent cafe, walk up clinic, salon, convenience, dental office, lawyers office, music store, or other small office. For sale building would be an ideal location for pharmacy (walgreens, cvs), grocery (Aldi, trader joe's or ethnic), auto retail or repair, school, daycare, floral. Attached warehouse would be excellent for owner occupied storage. Parking for 160-180 vehicles. Building is in good condition, but could be rehabbed or razed to suit purpose. Route 45 is the busiest street in the area with many residences nearby. Current tenant base provides lots of customer traffic also
    Exterior Features

    Construction Concrete Foundation Concrete Frontage Access City StreetState RoadTownship Road Location Mixed Use AreaPublic Transport Avail Lot Dimensions 150X435.75 Lot Sq Ft 65362 Number Of Parking Spaces 180 Number Of TLDocks 0 Roof Coverings Membrane Roof Structure Flat

    Interior Features

    Air Conditioning Central Individual Ceiling Height Ft 14 Fire Protection Fire Extinguisher/SSmoke Or Fire Protectors Floor Finish CarpetConcrete Number Of Drive In Doors 1 Number Of Stories 1 Outdoor Parking Over 100 Spaces

    Property Features

    Age 26-35 Years Current Use Commercial Electrical Service Separate MetersOver 600 Amps120V Power240V Power Estimated Cam SF 1.8 Expense Year 2018 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Financial Amounts For Total Building Rental Onl Yes Geographic Locale Northwest SuburbanNorth Suburban Gross Rentable Area 15800 Gross Rental Income Amount 134400 Heat Ventilation Ceiling UnitsForced AirGas Investment YN Yes Known Encumbrances None Known Lease Type Gross Max Avail Sq Ft Rentable 15800 Min Avail Sq Ft Rentable 3220 Monthly Rental Price 2600 Net Oper Income Amount 12800 Net Operating Income Year 2017 Net Rentable Area 15800 Number Of Tenants 2 Property Offered For Sale Or Rent Rental Price 9.7 Sale Terms ConventionalLease/PurchaseNegotiable Seller Will Joint VentureTrain Tax Year 2018 Taxes 43400 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeat Total Annual Exp 51000 Total Annual Income 128000 Total Monthly Income 11200 Township Libertyville Unincorporated YN Yes Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Water Drainage Storm Sewers Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of James P. Prendergest.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2019-06-15T23:51:11.883 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    The Wexler Group
    16123 S LaGrange Road
    Orland Park IL, 60467