440 Crystal StMundelein, IL 60060

Property Details for 440 Crystal St

Lot size

4.60 AC

Property type

Commercial land

APN

11-30-109-013

APU

1130109013

Description

This exceptional 9.7-acre commercial land parcel, located at 440 East Crystal Street in Mundelein, Illinois (zip code 60060), presents a unique investment opportunity. The property, identified by APN numbers 11-30-109-012, 11-30-109-013, and 11-30-109-016, is zoned C-5 Downtown Commercial District, allowing for a wide range of development possibilities. Buildings have been demolished, leaving the site ready for immediate development. The asking price is $4,750,000, with current annual taxes totaling $10,444.99. A significant advantage is the availability of approximately $8,000,000 in Tax Increment Financing (TIF) funds, significantly reducing development costs. The village of Mundelein actively encourages high-density residential development. This location boasts excellent transit access, being a mere two-minute walk from the Mundelein Metra station, providing convenient daily service to downtown Chicago. High traffic counts further enhance the site's appeal, with 18,300 vehicles daily on Route 45 and 3,100 on Cortland Street. This property offers unparalleled potential for a high-impact development project in a thriving downtown area. Contact us for detailed information and to explore this exciting opportunity.

Location Insight

City

Mundelein

County

Lake

State

Illinois

Latitude

42.2649

Longitude

-87.9975

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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