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Listed by Leah Ericksonof Coldwell Banker Commercial Real Estate Group
$ 286,000
Est. payment | /mo
0.88 Acres Lot
$ 286,000
Est. payment | /mo
0.88 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12462927
Tax Year 2024
Lot Size 0.880 Acres
Lot Dimensions 220x120x165x106
Property Sub-Type Land
Property Description
Property subject to offer! A unique opportunity in the heart of a rapidly growing corridor - the Village Center. Positioned adjacent to AREA's large-scale residential development, this site benefits from strong built-in demand, daily traffic, and immediate community visibility. The project is just north of the City Government office and adjacent to the North Central Metra train station. Surrounded by nearby residential development and a commercial corridor, this property is perfect for personal services, retail, or a restaurant. The property is flexible in structure - available for purchase, ground lease, or as part of a larger commercial development project in collaboration with the Village of Mundelein through a potential public/private partnership. Its location within an active redevelopment zone and TIF District makes it especially attractive for retail, personal services, or mixed-use concepts seeking to align with the village's long-term growth strategy. Pricing is provided as guidance for interested buyers but land lease or a lease option within a shopping area on the corner could be options. Bring your dream retail or service business idea to life - all ideas will be considered!
Location
State IL
County Lake
Zoning COMMR
Rooms
Basement None
Interior
Fireplace N
Laundry None
Exterior
Utilities Available Electricity Nearby, Natural Gas Nearby, Sewer Nearby
View Y/N true
Building
Sewer Storm Sewer
Water Municipal Water
Schools
Elementary Schools Mundelein Cons High School
Middle Schools Mundelein Cons High School
High Schools Mundelein Cons High School
School District 120, 120, 120
Others
Ownership Fee Simple
Special Listing Condition Third Party Approval
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