700 Lake St Mundelein, IL 60060

This exceptional mixed-use property, located at 700 N Lake Street in Mundelein, Illinois, presents a lucrative investment opportunity. The two-story brick building boasts over 16,000 square feet of space situated on a substantial 77,242 square foot corner lot. Its strategic location offers excellent visibility and accessibility, with convenient curb cuts to Route 45 and Route 176. The first floor comprises three office suites, public restrooms, and a kitchen area, while the second floor features seven additional office suites and public restrooms. All units are currently leased, generating consistent rental income. A lower level adds further value, including a community room, two potential office suites, public restrooms, and ample storage space. Recent improvements enhance the property's appeal and functionality, including a newer roof, newer windows, and brand new carpeting throughout the hallways and stairwells. The parking lot was also repaved in 2019. This well-maintained building offers a blend of established income and future development potential, making it an ideal acquisition for discerning investors seeking a strong return on investment in a thriving Illinois market. The asking price for this exceptional property is $799,900.