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Listing provided courtesy of RE/MAX SAWAMREDas Distributed by MLSGrid- MLS# 12353142MLS Provider

324 N Lake StreetMundelein, IL 60060

Commercial · 5,555 Sq. ft.
$495,000 Active

324 N Lake Street Overview

Time on Site:
79 days
Visits:
2

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.

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324 N Lake Street Facts & Features

  • Type Commercial
  • Sq. ft. 5,555
  • Price/Sq.ft. $89

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Modified Gross
  • Net Operating Income: 0

Building Information

  • Year Built: 1967

Business Information

  • Current Use: Automotive,Medical/Dental

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Ivanhoe / Mundelein

Tax Information

  • Tax Annual Amount: $9,825.84
  • Tax Year: 2023

General Information

  • Parcel Number: 10252060110000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 5555

General Information

  • Cooling: None
  • Electric: Other
  • Leasable Area: 5555
  • Stories: 1

Unit Information

  • Unit SqFt.: 5555

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 336x55
  • Lot Size Square Feet: 18472

General Information

  • Number Of Units Total: 1

324 N Lake Street Neighborhood

Community

60060 (MUNDELEIN) Demographics

39
Median Age
1,500
Population Density (per sq. mile)
50%
College Educated
$93,905
Estimated Median Income
9,912
Estimated Total Home Owners
3,128
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

324 N Lake Street Monthly Cost

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$ %
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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

324 N Lake Street Market Data

Based on the last 30 days in this zip code

$515,041
Average List Price
$222
Average Price per Square Foot
40
Properties Sold
54
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

324 N Lake Street History

Date Event Value Agent
4/16/2026Source: MRED Status Change
Active
4/11/2026Source: MRED Added to Database
April 11, 2026