


20922 W Il Route 176Mundelein, IL 60060
Commercial · 1,725 Sq. ft.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.
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
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
20922 W Il Route 176 Market Data
Based on the last 30 days in this zip code
20922 W Il Route 176 History
| Date | Value | Agent |
|---|---|---|
| 4/16/2026Source: MRED | Active |
|
| 4/11/2026Source: MRED | April 11, 2026 |
































