700 North Lake Street

Mundelein, IL 60060

$790,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Brick 2-story office building with over 16,000 sf of space. Corner lot on major roadways with curb cuts to Route 45 and 176. First floor offers 2 office suites, public restrooms, and kitchen area. Second floor has 7 office suites and public restrooms. All units are rented out. Building also has a lower level that offers a community room and 2 potential office suites, plus public restrooms and storage room. Newer roof. Newer windows. The parking lot repaved in 2019. Tenants pay for their percentage...Brick 2-story office building with over 16,000 sf of space. Corner lot on major roadways with curb cuts to Route 45 and 176. First floor offers 2 office suites, public restrooms, and kitchen area. Second floor has 7 office suites and public restrooms. All units are rented out. Building also has a lower level that offers a community room and 2 potential office suites, plus public restrooms and storage room. Newer roof. Newer windows. The parking lot repaved in 2019. Tenants pay for their percentage of utilities, water, trash, landscaping/snowplowing, common area maintenance.
  1. Listed by Beverly Brua • Century 21 Circle
  2. Listed by Diane Simmons • Century 21 Circle

Property Details for 700 North Lake Street

Area
Ivanhoe / Mundelein
Township
Fremont
Zoning
COMMR

Location

Listing Courtesy of Century 21 Circle
Add your commute
LISTING UPDATED: 03/14/2024 04:44 PM

Property Details for 700 North Lake Street

StatusActive
MLS #11985588
Days on Market91
Taxes$31,152 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1979
Lot Size1.77 AC / 77,242 SF
CountyLake County

Location

Listing Courtesy of Century 21 Circle
Add your commute

Building Information for 700 North Lake Street

Stories-Residences12Year Built1979Lot Size1.77 AC / 77,242 SF

Payment Calculator

$6,907 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,311

Property Taxes

$2,596

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 700 North Lake Street

General Information
Location and General Information
  • Geographic Locale: North Suburban
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Separate Meters
  • Flooring: Carpet, Tile, Varies
  • Heat/Ventilation: Forced Air,Gas
  • Misc Inside: Common Meeting Room/s,Inside Corridor/s,Public Restroom/s,Storage Inside,Basement
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Repairs, Scavenger, Sewer
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Lot Dimensions: 165.94X213.28X217X192.86
  • Lot Size Square Feet: 77242.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s,Partially Sprinklered,Smoke or Fire Protectors
  • Roof Structure: Flat,Mansard,Steel Joists,Wood Joists
  • # Of Offices: 12
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
Miscellaneous
  • Current Use: Commercial
  • Location: Corner
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 700 North Lake Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 700 North Lake Street

Taxable ValueLand$54,816Additions-Total$54,816
Tax Record2023$4,331 ($361 / month)
Home Facts
Lot Size18,239 SqFtStyleCommercialCountyLAKEAPN10-24-405-068

Schools near 700 North Lake Street

This home is within Mundelein High School District 120.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 2

Mechanics Grove Elementary School
Public3 to 5

Carl Sandburg Middle School
Public6 to 8

Mundelein Cons High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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700 North Lake Street is a mixed use property for sale in Mundelein, IL 60060. This property was listed for sale on March 1, 2024 by Century 21 Circle, it's currently listed at $790,000. This listing's school districts are Mundelein High School District 120, Mundelein Esd 75 School District. Nearby schools include Washington Elementary School, Mechanics Grove Elementary School and Carl Sandburg Middle School. 700 North Lake Street is a 0-bed, 0-bath, mixed use property built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Circle

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.