For Sale
$2,300,000

28573 Schank Ave Mundelein, IL 60060

3.13 Acres, Retail Potential, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 3.13-acre commercial land parcel, located at 28573 Schank Ave in unincorporated Mundelein, Illinois (zip code 60060), presents a compelling investment opportunity. The property, encompassing APN numbers 10-22-200-016 & 10-23-100-042, includes a 568 square foot existing building. Its strategic location offers significant advantages. The Future Land Use Map designates the area for Retail/Commercial development, aligning perfectly with the high traffic counts in the vicinity. Schank Avenue sees 11,500 vehicles daily, while Route 176 and Route 60 boast 11,700 and 16,600 vehicles per day respectively. This prime location is conveniently situated just west of the Mundelein Crossing Shopping Center, ensuring high visibility and accessibility. The property's potential is further enhanced by the possibility of assembling additional land, approximately 2.3 acres to the north, which is also available. The property falls within the Freemont School District 79. Annual property taxes are $3,886. The asking price for this exceptional opportunity is $2,300,000. Contact us for further details.

Highlights

  • 568 SF building included.
  • ±2.3 acres of adjacent land available for acquisition.
  • Located in unincorporated Mundelein.
  • Zoned for retail/commercial use.
  • Land assemblage potential.
  • Excellent location near Mundelein Crossing Shopping Center.

Property Details for 28573 Schank Ave

Property type
Land
Lot Size (sq. ft)
136,343 SF

Location Insight

City
Mundelein
County
Lake
State
Illinois
Latitude
42.277474
Longitude
-88.043267

FAQs

What type of property is this?
Land - 3.13 Acres, Retail Potential, High Traffic
Where is the land located?
The property is located at 28573 Schank Ave Mundelein, IL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 568 SF building included.; ±2.3 acres of adjacent land available for acquisition.; Located in unincorporated Mundelein.
How can I contact the broker?
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28573 Schank Ave
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