Mundelein Land for Lease - Central North
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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 ABSOLUTE NNN
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
Public investment surrounding this pad includes Courtland Commons - a stormwater basin with pollinator garden, public art, walking trails and a large public event space; a new pedestrian overpass across the Metra corridor; and the Park Street area, closed in summer for outdoor dining with new public open space. 32 E. Park was recently rehabilitated for large-scale restaurant and bar use. A new Starbucks has opened in the corridor. Tighthead Brewing Company anchors the Archer Business Center a block north.
The pad sits inside Mundelein's Downtown TIF District (TIF II), established 2016 and running through 2039. The Village has publicly stated it is seeking development partnerships in this district and is open to assisting with eligible project costs including public improvements, site preparation and infrastructure. Prospective tenants should contact the Village of Mundelein Department of Community Development regarding incentive eligibility.
LOCATION
144 N Seymour Avenue, 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