Mundelein, IL 60060 20922 W Il Route 176
$1,500,000



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Presented By: Baird & Warner
Home Details
Prime Commercial Mixed-Use Opportunity | 2.91 Acres | Mundelein, IL | $1,500,000 Rarely does a commercial opportunity this well-positioned come to market. Situated at the highly visible intersection of Route 176, Route 60/83, and Schank Road in Mundelein, Illinois, this 2.91-acre commercial mixed-use property offers an exceptional combination of location, flexibility, and immediate livability. With IDOT-reported daily traffic counts averaging 15,000 to 20,000 vehicles, your business will enjoy outstanding visibility and consistent exposure in one of the area's most sought-after corridors. The surrounding community boasts a median household income exceeding $108,000, reflecting a strong and affluent customer base ready to support your venture. Positioned at the heart of one of Lake County's fastest-growing markets, this property is surrounded by new and expanding residential subdivisions bringing a steady influx of new households-and new customers-directly to your doorstep. The area's rapid residential growth is matched by a thriving and expanding retail corridor nearby, with shopping, dining, and service businesses continuing to grow and attract even more traffic to the region. Getting in now means positioning your business ahead of the curve as the community continues to flourish. The commercial mixed-use zoning unlocks a wide range of possible uses-including car wash, fast food, landscaping operations, and much more-making this an ideal canvas for a variety of entrepreneurial visions. Adding to the property's versatility is a residential home that provides the perfect live-and-work setup. The home features two generously sized bedrooms, a full kitchen, a large bathroom, and an unfinished full basement with laundry-offering ample room to expand and customize. A large garage adjacent to the home provides convenient storage for vehicles and equipment. The separate office building allows you to work right by your home and literally walk a few steps home. Whether you're an owner-operator looking to plant roots, an investor seeking high-visibility commercial land, or an entrepreneur ready to build your next venture-this property checks every box. Seize this rare opportunity to own a high-traffic, strategically located commercial asset right in the path of Mundelein's exciting growth.
Presented By: Baird & Warner
General for 20922 W Il Route 176
Additional Parcels Y/NNo
CityMundelein
CoolingCentral Air
CountyLake
Current UseCommercial
DirectionsIllinois Route 176 to the property. Property is located at Route 176 and Schank Avenue. Just past muffler shop.
ElectricCircuit Breakers, Service - 101 to 200 Amps
Electric Expense1200
Fuel Expense1400
Gross Income2500
Insurance Expense3000
Lot Size Square Feet136343
MLS AreaIvanhoe / Mundelein
Net Operating Income
Number Of Units Total1
Operating Expense0
PossessionClosing
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount22475
Tax Year2024
Tenant PaysOther
Trash Expense80
UtilitiesElectric to Site, Natural Gas Available
Water Sewer Expense800
Year Built1951
ZoningCOMMR
Exterior for 20922 W Il Route 176
Building Area Total1725
Frontage TypeState Road
Lot Dimensions405.2 X 244.8 X 284.4 X 119.9 X35.9 X 132.4
Additional Details
Price History

SQFT • 1,725