Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12616692MLS Provider

20922 W Il Route 176Mundelein, IL 60060

Commercial · 1,725 Sq. ft.
$1,500,000 Active

20922 W Il Route 176 Overview

Time on Site:
79 days
Visits:
0

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

20922 W Il Route 176 Facts & Features

  • Type Commercial
  • Sq. ft. 1,725
  • Price/Sq.ft. $870

Details

General

Income/Expenses

  • Other Expense: 100
  • Electric Expense: 1200
  • Fuel Expense: 1400
  • Gross Income: 2500
  • Gross Scheduled Income: 0
  • Insurance Expense: 3000
  • Net Operating Income: 0
  • Operating Expense: 0
  • Trash Expense: 80
  • Water Sewer Expense: 800

Building Information

  • Year Built: 1951

Business Information

  • Current Use: Commercial

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: $22,475.00
  • Tax Year: 2024

General Information

  • Parcel Number: 10231000420000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 1725

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: State Road
  • Lot Size Dimensions: 405.2 X 244.8 X 284.4 X 119.9 X35.9 X 132.4
  • Lot Size Square Feet: 136343

General Information

  • Number Of Units Total: 1
  • Utilities: Electric to Site,Natural Gas Available

20922 W Il Route 176 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.

20922 W Il Route 176 Monthly Cost

$
$ %
%
$
$
* 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.

20922 W Il Route 176 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

20922 W Il Route 176 History

Date Event Value Agent
4/16/2026Source: MRED Status Change
Active
4/11/2026Source: MRED Added to Database
April 11, 2026