Listing provided courtesy of Keller Williams North Shore WestMREDas Distributed by MLSGrid- MLS# 12566039MLS Provider

28884 N IL Route 83 StreetMundelein, IL 60060

Vacant Land · 5.00 Acres
$799,000 Active

28884 N IL Route 83 Street Overview

Time on Site:
138 days
Visits:
1

Exceptional 5-acre vacant lot in a prime, high-visibility location with fantastic frontage and direct access to Route 83, as well as immediate proximity to the Rt 83/Rt 60 intersection-offering outstanding exposure and convenience for future development. Zoned Residential, or C1-C4 Commercial per Ordinance No. 0-25-04-20 (approved 4/14/2025), this property presents a rare opportunity for commercial or mixed-use development in a rapidly growing area surrounded by established residential neighborhoods and active commercial corridors. The parcel includes two PINs (10-23-100-004 & 10-23-100-005), and an access road is already in place on the site. Soil testing has been completed and approved, streamlining the development process. This location is ideal for a wide variety of commercial uses and is perfectly positioned to capitalize on steady traffic flow and surrounding community demand.

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28884 N IL Route 83 Street Facts & Features

  • Type Vacant Land
  • Lot 5.00 Acres

Details

General

School Information

  • School District: 120

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Ivanhoe / Mundelein
  • Township: Fremont

Tax Information

  • Tax Annual Amount: $10,231,060.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 10231000040000
  • Possible Use: Commercial,Condominium,Multi-Family,Single Family
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: COMMR

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: Yes
  • Frontage Length: 495
  • Frontage Type: State Road
  • Lot Size Acres: 5
  • Lot Size Dimensions: 217800
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Electricity Nearby,Electric to Site,Natural Gas Nearby,Natural Gas Available,Sewer Nearby,Sewer Connected,Water Available

28884 N IL Route 83 Street Neighborhood

Community

60060 (MUNDELEIN) Demographics

39
Median Age
1,500
Population Density (per sq. mile)
50%
College Educated
$93,905
Estimated Median Income
9,912
Estimated Total Home Owners
3,128
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

28884 N IL Route 83 Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

28884 N IL Route 83 Street Market Data

Based on the last 30 days in this zip code

$515,041
Average List Price
$222
Average Price per Square Foot
40
Properties Sold
54
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

28884 N IL Route 83 Street History

Date Event Value Agent
2/22/2026Source: MRED Status Change
Active
2/17/2026Source: MRED Price Reduction
$799,000 -8.7%
2/17/2026Source: MRED Status Change
Price Change
2/16/2026Source: MRED Status Change
Active
2/11/2026Source: MRED Added to Database
February 11, 2026