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
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. |
Listed by Kathcon Real Estate Services, & Gregory Miller
Sold by Coldwell Banker Realty, Lori Progar
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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 |