Mundelein, IL Commercial Real Estate for Lease and Sale

Explore 29 listings of Mundelein commercial real estate to find the best space for your business.

SEC Midlothian Road & Route 137

SEC Midlothian Road & Route 137, Mundelein Manor, Libertyville, IL
Property

VacantLand
For Sale

Subject to Offer
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Confidential

1116-1122 North Diamond Lake Road, Crane's, Mundelein, IL
Property

Retail

12,875 SF
For Sale

$1,550,000
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Tradewinds Distribution Center

300-306 Terrace Drive, Clearbrook Park, Mundelein, IL
Property

Industrial

110,240 SF
Availability

1 Space

21,760 SF
Year Built

1998
For Lease Contact for pricing
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NEC Maple Avenue & Lake Street

NWC 176 & Route-45, Cardinal Square, Mundelein, IL
Property

Retail

4,936 SF
Availability

1 Space

4,936 SF
For Lease Contact for pricing
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Retail Industrial Land
405 Washington Blvd

405 Washington Blvd, Lakewood Heights, Mundelein, IL
Property

Office

32,000 SF
Availability

4 Spaces

9,256 SF
Year Built

1974
For Lease

$10.00 - $15.00/SF/YR
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404 Washington Boulevard

404 Washington Boulevard, Lakewood Heights, Mundelein, IL
Property

Industrial

31,600 SF
Availability

1 Space

31,600 SF
Year Built

1976
For Lease

$9.75/SF/YR
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333 Washington Blvd

333 Washington Blvd, Lakewood Heights, Mundelein, IL
Property

Industrial

32,855 SF
Year Built

1969
For Sale

$3,250,000
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675 S. Rt. 83

675 S. Rt. 83, Cambridge Countryside, Mundelein, IL
Property

Retail

6,508 SF
Availability

1 Space

6,508 SF
For Lease Contact for pricing
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Peterson Rd and Winchester Rd

Peterson Rd and Winchester Rd, Fremont Center, Mundelein, IL
Property

VacantLand
For Sale

Subject to Offer
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933 Tower Road,

933 Tower Road,, Clearbrook Park, Mundelein, IL
Property

Industrial

48,009 SF
Year Built

2004
For Sale

Subject To Offer
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333 Washington Blvd

333 Washington Blvd, Lakewood Heights, Mundelein, IL
Property

Industrial

32,855 SF
Availability

1 Space

32,855 SF
Year Built

1969
For Lease

$12.50/SF/YR
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Hawley Commons Shopping Center

311-385 N Seymour Ave, Cardinal Square, Mundelein, IL
Property

Retail

62,304 SF
Availability

5 Spaces

15,192 SF
Year Built

1992
For Lease

$10.00 - $15.00/SF/YR
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16,780 SF Available for Sale in Mundelein

1260 Townline Rd, Clearbrook Park, Mundelein, IL
Property

Industrial

16,780 SF
Year Built

1960
For Sale Contact for pricing
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1700 S Butterfield Rd

1700 S Butterfield Rd, Lakewood Village, Mundelein, IL
Property

Industrial

60,000 SF
Availability

1 Space

30,000 SF
Year Built

1976
For Lease

$7.50/SF/YR
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Mundelein Square

350-372 Townline Rd, Ravenna, Mundelein, IL
Property

Retail

40,000 SF
Availability

3 Spaces

18,265 SF
Year Built

1950
For Lease

$14.00 - $19.00/SF/YR
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914 North Lake Street
The Office Clubhouse
914 North Lake Street, Mundelein, IL
Services

Event Space

Meeting Room

Private Office
Amenities

Cleaning services

Complimentary coffee & tea

Ergonomic furniture

Free water

High-speed internet

TV/Monitor

White boards
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Patriot's Plaza

301-357 Townline Road, Ravenna, Mundelein, IL
Property

Retail

45,000 SF
Availability

6 Spaces

250,535 SF
For Lease Contact for pricing
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21707 W Lakeview Pkwy

21707 W Lakeview Pkwy, Countryside Lake, Mundelein, IL
Property

VacantLand
For Sale

$1,500,000
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1040-1060 High Street

1040-1060 High Street, Lakewood Heights, Mundelein, IL
Property

Industrial

60,025 SF
Availability

2 Spaces

40,007 SF
For Lease Contact for pricing
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1040-1060 High Street

1040-1060 High Street, Lakewood Heights, Mundelein, IL
Property

Industrial

60,025 SF
Availability

1 Space

40,007 SF
Year Built

1980
For Lease

$6.25/SF/YR
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Mundelein Plaza

1460-1492 Townline Rd., Clearbrook Park, Mundelein, IL
Property

Retail

16,803 SF
Availability

1 Space

4,088 SF
Year Built

1989
For Lease Contact for pricing
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300-324 Washington Blvd.

300-324 Washington Blvd., Lakewood Heights, Mundelein, IL
Property

Industrial

51,596 SF
Availability

3 Spaces

6,641 SF
Year Built

1987
For Lease

$10.50 - $10.52/SF/YR
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Gilmer Road and Highway 176

Gilmer Road and Highway 176, Rays Lake, Hawthorne Woods, IL
Property

Unassigned
Year Built

2015
For Sale Contact for pricing
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Route 60-83 and Midlothian Rd

Route 60-83 and Midlothian Rd, Cambridge Countryside, Mundelein, IL
Property

VacantLand

50,000 SF
Availability

1 Space

50,000 SF
For Lease Contact for pricing
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333 E Route 83

333 E Route 83, Ravenna, Mundelein, IL
Property

Office

9,050 SF
Availability

6 Spaces

9,050 SF
For Lease

$16.00 - $22.00/SF/YR
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440 E Hawley St

440 E Hawley St, Cardinal Square, Mundelein, IL
Property

Retail

29,000 SF
Availability

3 Spaces

29,000 SF
For Lease

$12.00 - $18.00/SF/YR
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Mundelein Crossing

NEC Route 60 & Route 83, Ivanhoe, Mundelein, IL
Property

Retail

130,400 SF
Availability

12 Spaces

570,976 SF
For Lease Contact for pricing
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Long Meadow Commons

1156 West Maple Avenue, Colony of Longmeadow, Mundelein, IL
Property

Retail

108,051 SF
Availability

3 Spaces

4,239 SF
Year Built

1996
For Lease Contact for pricing
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Terrace Trade Center

100 Terrace Drive, Clearbrook Park, Mundelein, IL
Property

Industrial

83,582 SF
Availability

2 Spaces

12,125 SF
Year Built

1991
For Lease

$7.95 - $9.95/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Mundelein commercial real estate market incorporates 41,050 square feet of office space across 3 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Mundelein commercial real estate market includes 455,877 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Mundelein market, there is a total of 651,030 square feet of industrial property.

The listing inventory in Mundelein incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Mundelein is represented by Retail space, which accounts for 903,739 square feet of available listings. Industrial space available in Mundelein adds up to 236,049 square feet.

Meanwhile, most of the listings of commercial property for sale in Mundelein are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Mundelein is $13.14 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Mundelein can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Mundelein, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Mundelein is in the Ravenna neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Ravenna area.

Meanwhile, retail space opportunities are most abundant in the Ivanhoe submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Lakewood Heights.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in Mundelein was Office space.

The average size of a commercial property in Mundelein depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Mundelein, the average size of an office property is 20,525 square feet.
Retail properties here incorporate an average of 45,588 square feet.
Industrial space in Mundelein is in buildings that are, on average 54,253 square feet in size.

Mundelein, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Mundelein currently add up to 1,159,944 square feet. The market offers 3 active office listing(s), which amount to 18,306 square feet and account for 14% of commercial spaces on the market. Local retail availability includes 905,589 square feet across 9 retail space(s). Industrial space for rent opportunities in Mundelein amount to 236,049 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	3	18,306
Retail	9	905,589
Industrial	9	236,049

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Mundelein, IL. Currently, there is 110,519 square feet of commercial property for sale here , which includes , 1 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	1	12,875
Industrial	3	97,644

Mundelein, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Mundelein, IL?

What factors affect the price of commercial real estate in Mundelein, IL?

What is the average rent for commercial space in Mundelein, IL?

What are the best areas for commercial real estate in Mundelein, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Mundelein, IL?

Mundelein, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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