Mundelein, IL 60060 799 E Us Highway 45 Highway

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Presented By: Baird & Warner Fox Valley - Geneva
  • MLS# 12001090
  • 03/11/2024
  • Request Tour
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  • SQFT • 3,503

Home Details

Improved price! Premier Commercial Opportunity in High-Traffic Corridor. Presenting a rare opportunity to acquire a high-visibility commercial property strategically positioned between Hwy. 45 and Rte. 83. Plus, Yellowstone Blvd. now runs from County Line Rd. to Hwy. 45 and right to this location! Significant daily traffic counts on Hwy. 45 plus unparalleled exposure make it a landmark destination for any new or existing enterprise. This site has been the home of a successful, long-established restaurant for over 40 years. Repurpose this 3,500 sq. ft. building to launch your own restaurant, retail, or service-based concept. Kitchen features upright oven, gas stove, deep fryer, walk-in cooler, triple sink basin, and prep station while full lower level has ample storage. Parking lot features 42 dedicated spaces. Looking to innovate? Capitalize on the prime .51-acre lot and ample parking by redeveloping the site for a higher and better use. Whether you are an investor seeking a redevelopment project or an operator looking for a high-profile location, this property is a must-see. Sold As-Is. PLEASE NOTE: the new price reflects the fact that this is no longer a turn key restaurant as much of the furniture and equipment have been sold. Any remaining fixtures and equipment will transfer with the property at buyer's request as stated in LOI.
Presented By: Baird & Warner Fox Valley - Geneva

General for 799 E Us Highway 45 Highway

Additional Parcels Y/NNo
Assoc Fee Paid PerNot Applicable
CityMundelein
CoolingChillers
CountyLake
Current UseCommercial
DirectionsEast of the intersection of US 45 & Rte. 83 on the south side of US 45.
ElectricOther
Gross Income
Leasable Area3503
Lot Size Square Feet22216
MLS AreaIvanhoe / Mundelein
Net Operating Income
Number Of Units Total1
Operating Expense0
PossessionClosing
Property SubtypeRestaurant
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusPrice Change
Stories Count1
Tax Annual Amount24682.4
Tax Year2025
Tenant PaysAll Utilities
TownshipVernon
UtilitiesElectric to Site, Natural Gas Available, Sewer Connected
Year Built1965
ZoningCOMMR

Exterior for 799 E Us Highway 45 Highway

Building Area Total3503
Frontage TypePublic Road, US Highway
Lot Dimensions140 X 159
Water SourceWell

Additional Details

Price History

Client Care

Price $650,000
MLS#12001090
List Date 03/11/2024
Property Type Commercial
Phone 847.485.2500
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