324 N Lake Street, Mundelein, IL

$495,000

Overview

  • 182478
  • Property ID
  • Updated On:
  • April 12, 2026

Description

Excellent opportunity to own a standalone commercial property in a high-visibility, high-traffic location on North Lake Street in the heart of Mundelein. This versatile property features two lots (front and rear), offering a rare combination of retail/office exposure in the front with functional warehouse capability in the rear, along with future redevelopment potential. Key Highlights: Standalone building – ideal for owner-users or investors Prime main road frontage with strong visibility and traffic Dual-lot configuration providing flexibility and added value Rear area supports warehouse use, including truck-accessible loading capability Suitable for distribution, storage, contractor use, light industrial, or mixed-use operations Front portion ideal for retail, office, medical, cafe, or bakery (subject to zoning) Rear lot can be utilized for loading, parking, storage, or expansion Strong redevelopment opportunity – potential for multi-family or apartment development (subject to zoning and municipal approvals) This property is ideal for business owners seeking visibility with operational functionality, as well as developers looking to capitalize on land and location. Bring your vision-retail, bakery, office, warehouse, or future residential development-and unlock the full potential of this highly flexible site. Drive by today and explore the possibilities.

Other Features
Has Additional Parcels
None
Other

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$2,537.96
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 1,919.21

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Information for the property at 324 N Lake Street, Mundelein, IL, 60060 (Property ID: 182478) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi