Downtown Mundelein Ground-Lease Pad 144 Seymour Ave 0.17 - 0.57 Acres of Commercial Land for Lease in Mundelein, IL 60060

DOWNTOWN MUNDELEIN GROUND-LEASE PAD - METRA TOD DISTRICT - UP TO 99-YEAR TERM - DIVISIBLE FROM 0.17 AC Ground-lease outparcel in the core of downtown Mundelein, inside the Village's transit-oriented redevelopment district and steps from the Mundelein Metra station on the North Central Service line. Up to 0.57 acres, divisible from 0.17 acres, on terms up to 99 years. Build-to-suit structures available. PRICING - $4.50/SF/YR Gross 0.17 AC (approx. 7,405 SF) - $33,323/year - $2,777/month 0.28 AC (approx. 12,200 SF) - $54,900/year - $4,575/month 0.40 AC (approx. 17,424 SF) - $78,408/year - $6,534/month 0.57 AC (approx. 24,829 SF) - $111,731/year - $9,311/month Terms from 1 to 99 years. A 99-year ground lease supports franchise financing, SBA structures, corporate real estate committee approval, and full amortization of a tenant-built building. OWNERSHIP MANAGES THE ENTITLEMENT Commercial uses at this location are established through the Village of Mundelein special use process. Ownership prepares and files the application and manages it through Village review on the tenant's behalf, at no cost to the tenant. For most operators, the approval process is the least familiar part of opening a new location. Here it is handled by an owner who has taken uses through it before and understands the Village's submittal requirements and timeline. Approval is at the Village's discretion in every case. PROOF ON THE BLOCK The adjacent center and immediate neighbors currently operate: an indoor roller rink, a tattoo studio, a barbershop, a pet groomer, a fraternal organization hall, an indoor classic car dealership, a shoe store and a laundromat. A wide mix of retail, service, entertainment and specialty uses is already established and operating here. 741 RESIDENTIAL UNITS DELIVERED OR UNDER CONSTRUCTION WITHIN BLOCKS Downtown Mundelein has absorbed an extraordinary volume of new housing within walking distance of this pad: Flaherty & Collins - 225 apartments, 17 townhomes, 5,000 SF commercial, 3-story parking garage - under construction Cardinal Square D-1 & D-2 - 180 apartments - complete,third building planned Station 250 - 165 apartments - complete Morris Station - 108 rental townhomes - completed 2024, fully rented Mundelein Senior Apartments - 46 senior apartments - nearing completion That is 741 new units inside a few blocks, plus daily Metra ridership and existing downtown employment. Very few suburban pad sites in Lake County sit in front of that kind of rooftop growth. THE VILLAGE IS BUILDING THIS DOWNTOWN ON PURPOSE Downtown Mundelein is in the middle of a transit-oriented building boom: more than 740 new residential units delivered or under construction within a few blocks - Station 250 (165 apartments, just south of Village Hall), Cardinal Square D-1 and D-2 (180 apartments, beside the new pedestrian bridge), Morris Station's rental townhomes in the heart of downtown, now fully rented, the 46-unit Mundelein Senior Apartments at Prospect and Hawley, and the Flaherty & Collins project on Plaza Circle (225 apartments, 17 townhomes, 5,000 SF commercial, under construction, partial opening expected 2026). Add the new Starbucks, the Park Street outdoor dining area, and Courtland Commons, the Village's new park and event space. The storefront side is filling in with it: the Village counted 38 new businesses opening at the end of 2025 and the start of 2026, plus five expansions into larger spaces. Village-wide, and separate from downtown: on Wirtz family farmland near Route 60, the Wirtz Corporation has proposed Ivanhoe Village - roughly 740 acres master-planned for more than 3,100 homes plus retail, medical, office and industrial space over about a 25-year build-out. Its annexation agreement was approved in December 2022 and a schools-and-library payment plan got tentative Village Board approval in April 2025, but construction has not started and it remains in initial planning. Long-term signal of where Mundelein is headed. LOCATION 144 N Seymour Ave, Mundelein, Lake County. Steps from the Mundelein Metra station on the North Central Service line, with direct service to Chicago Union Station and O'Hare Transfer. Near the intersection of Route 45 (Lake Street) and Route 176, the two primary arterials through Mundelein, with approximately 21,100 vehicles per day on Route 45 through downtown. Village Hall, the police station, post office and Kracklauer Park are within blocks. Draws from Mundelein, Libertyville, Vernon Hills, Grayslake, Round Lake, Hawthorn Woods, Long Grove and Wauconda. IDEAL FOR Drive-thru restaurant, quick service restaurant, QSR, fast food, franchise restaurant, coffee shop, drive-thru coffee, cafe, bakery, donut shop, ice cream, frozen yogurt, juice bar, smoothie shop, fast casual, taco, chicken, burger, sandwich, sub shop, pizza, deli, restaurant, tavern, bar, taproom, brewery, brewpub, retail store, storefront retail, convenience store, small-format retail, liquor store, smoke shop, vape shop, bank, credit union, ATM, financial institution, currency exchange, medical clinic, dental office, dentist, urgent care, walk-in clinic, physical therapy, chiropractor, optometrist, veterinary clinic, animal hospital, pet grooming, pet daycare, kennel, pet supply, tattoo studio, barbershop, hair salon, nail salon, day spa, massage, tanning, personal services, dry cleaner, laundromat, day care center, preschool, child care, tutoring center, learning center, music school, fitness studio, gym, health club, martial arts, dance studio, yoga studio, indoor amusement, roller rink, arcade, classic car sales, auto sales, motor vehicle dealership, motor vehicle rental, car wash, oil change, shoe store, apparel, boutique, furniture showroom, appliance showroom, office, professional office, insurance agency, real estate office, title company, tax office, social club, lodge, banquet facility, event space, cultural facility, art gallery, arts studio, outlot, outparcel, pad site, ground lease, land lease, build to suit, TOD development, transit oriented development, downtown Mundelein. ZONING Zoned C-5-R under the Village of Mundelein Zoning Code, Chapter 20.36, Table 20.36-1. Commercial uses at this location are established through the Village special use process, which ownership files and manages on the tenant's behalf. Planned Unit Development is available as a special use in this district under Chapter 20.20. Prospective tenants should confirm their specific use with the Village of Mundelein Department of Community Development. Broker makes no representation as to approvability of any use. SITE FACTS 144 N Seymour Avenue, Mundelein, IL 60060. Up to 0.57 AC, divisible from 0.17 AC. Ground lease $4.50/SF/YR absolute NNN. Terms 1 to 99 years. Build-to-suit available. Zoned C-5-R, Village of Mundelein. Located within Downtown TIF District II. Adjacent to Metra North Central Service line. Contact Jason Bitton - RE/MAX Commercial - 847-858-2909 - Jason@JasonCRE.com