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Midlothian Building 2 25765-25767 Hillview Ct 22,000 SF 100% Leased Flex Building Mundelein, IL 60060 $2,735,400 CAD ($124.34 CAD/SF)
Investment Highlights
- 22,000-SF Flex Building
- Strategic Location
- Upside Potential
- Limited Competition
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the flex building located at 25765-25767 Hillview Court in Mundelein, Illinois (the “Property” or “Building Two”). The Property, also known as Building Two, is positioned within Midlothian Center, a well-maintained six building corporate park. Building Two contains a total of 22,000 square feet of gross leasable area on a 1.29-acre parcel. The Property has seven (7) suites and is 93.18% leased to a complimentary mix of local tenants that serve the needs of the area residents. Building Two offers a stable and secure income stream with upside through the lease up of the vacant space. The Property is strategically located along N Midlothian Road, adjacent to the signalized intersection of N Midlothian Road and N Gilmer Road, the area’s primary corridors. The attractive and well-maintained Property benefits from limited competition as most of the area’s flex and industrial properties and parks are located along the Route 21 corridor in Vernon Hills and along the Route 22 corridor in Lake Zurich. Building Two enjoys convenient access to the area’s primary roadways, residential neighborhoods providing a built-in workforce, and the larger commercial centers of Libertyville, Vernon Hills, and Buffalo Grove, Illinois. Mundelein is a vibrant suburban village located in Lake County, approximately 40 miles northwest of downtown Chicago.
Property Facts
| Price | $2,735,400 CAD | Rentable Building Area | 22,000 SF |
| Price Per SF | $124.34 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1999 |
| Property Type | Flex | Parking Ratio | 0.68/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 11 |
| Lot Size | 1.29 AC | No. Drive In / Grade-Level Doors | 11 |
| Zoning | M-1, L-1 - Light Industrial District | ||
| Price | $2,735,400 CAD |
| Price Per SF | $124.34 CAD |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 1.29 AC |
| Rentable Building Area | 22,000 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 0.68/1,000 SF |
| No. Dock-High Doors/Loading | 11 |
| No. Drive In / Grade-Level Doors | 11 |
| Zoning | M-1, L-1 - Light Industrial District |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Prodigy Auto Work
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Prodigy Auto Work | Services | - | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14-03-204-006 | Improvements Assessment | $648,592 CAD |
| Land Assessment | $97,505 CAD | Total Assessment | $746,097 CAD |
Property Taxes
Parcel Number
14-03-204-006
Land Assessment
$97,505 CAD
Improvements Assessment
$648,592 CAD
Total Assessment
$746,097 CAD
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Midlothian Building 2 | 25765-25767 Hillview Ct
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