Retail / Industrial / Land

20922 W. Il. Route 176 Mundelein, IL 60060

20922 W. Il. Route 176, Mundelein, IL, 60060
20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060 20922 W. Il. Route 176, Mundelein, IL, 60060
FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$2,800,000
Cap Rate:
0.00%
Last Verified:
Nov 19, 2022

Opportunity awaits with this 3.13 acre commercial parcel. Bordered on the south by Il. Route 176, on the west by Schank Avenue which leads directly to Il. Route 83 and with Il. Route 60 just literally steps to the east, this piece provides excellent exposure. This is a well established area already known by many for its business services. When combining the three different roads surrounding the property, Il. Routes 176, 60 / 83 and Schank Avenue, IDOT claims a 28,900 daily vehicle count. Imagine what that type of traffic could do for your business. The property currently houses a mulch business. Lake County "GC", General Commercial, zoning allows for use by a wide variety of businesses. According to RPR, the Average Household Income in Mundelein proper was $115,000 in 2021 while Lake County as a whole showed a figure of $130,729 in the same year, providing a solid consumer base. There is a 2 bedroom, 1 bath house, a three car garage and a separate office on the property allowing for a potential live / work opportunity. Please note the property dimensions only include those for the primary PIN listed. This property is also available to lease. Don't miss out as the sellers ARE MOTIVATED TO SELL! With so many possible commercial uses, make your appointment today for a private showing.

Additional URLs

Map of 20922 W. Il. Route 176, Mundelein, IL, 60060

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.