Land for Sale: 875-899 E US 45, Mundelein, IL 60060 SOLD

$800,000
$800,000
875-899 E US 45, Mundelein, IL 60060 SOLD
$800,000
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Selling Price: $800,000
Original List Price: $899,900
Sold at 88.9% of list price
Sold Date: 08/06/2021

Type Lot/Land
Lot Size 2.99 acres

City Mundelein
County Lake
School District 125

MLS 10142408
Status Closed
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.

Room Features

Basement Description None

Lot & Building Features

Cooling Central Air
Tax Year 2017
Lot Dimensions 417 X 261 X 343 X 498 ft

Community and Schools

Elementary School Diamond Lake Elementary School
Senior High School Adlai E Stevenson High School

Price History of 875-899 US 45, Mundelein, IL

Date Name Price Difference
05/12/2020 Price Adjustment $800,000 11.10%
12/31/1969 Listing Price $899,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 875-899 US 45, Mundelein, IL

Location Map Street View
Photo of Bill Biros
Bill Biros
Broker/Owner
Direct: 708-237-7711
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Kathcon Real Estate Services, & Gregory Miller
Sold by Coldwell Banker Realty, Lori Progar
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Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Kathcon Real Estate Services