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Listing provided courtesy of Baird & Warner Fox Valley - GenevaMREDas Distributed by MLSGrid- MLS# 12001090MLS Provider

799 E Us Highway 45 HighwayMundelein, IL 60060

Commercial · 3,503 Sq. ft.
$650,000 Active

799 E Us Highway 45 Highway Overview

Time on Site:
840 days
Visits:
35

Improved price! Premier Commercial Opportunity in High-Traffic Corridor. Presenting a rare opportunity to acquire a high-visibility commercial property strategically positioned between Hwy. 45 and Rte. 83. Plus, Yellowstone Blvd. now runs from County Line Rd. to Hwy. 45 and right to this location! Significant daily traffic counts on Hwy. 45 plus unparalleled exposure make it a landmark destination for any new or existing enterprise. This site has been the home of a successful, long-established restaurant for over 40 years. Repurpose this 3,500 sq. ft. building to launch your own restaurant, retail, or service-based concept. Kitchen features upright oven, gas stove, deep fryer, walk-in cooler, triple sink basin, and prep station while full lower level has ample storage. Parking lot features 42 dedicated spaces. Looking to innovate? Capitalize on the prime .51-acre lot and ample parking by redeveloping the site for a higher and better use. Whether you are an investor seeking a redevelopment project or an operator looking for a high-profile location, this property is a must-see. Sold As-Is. PLEASE NOTE: the new price reflects the fact that this is no longer a turn key restaurant as much of the furniture and equipment have been sold. Any remaining fixtures and equipment will transfer with the property at buyer's request as stated in LOI.

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799 E Us Highway 45 Highway Facts & Features

  • Type Commercial
  • Sq. ft. 3,503
  • Price/Sq.ft. $186

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1965

Business Information

  • Current Use: Commercial

Location/Region

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

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $24,682.40
  • Tax Year: 2025

General Information

  • Parcel Number: 15062010020000
  • Property Sub Type: Restaurant
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3503

General Information

  • Cooling: Chillers
  • Electric: Other
  • Leasable Area: 3503
  • Stories: 1

Unit Information

  • Unit SqFt.: 3503

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: Public Road,US Highway
  • Lot Size Dimensions: 140 X 159
  • Lot Size Square Feet: 22216
  • Water Source: Well

General Information

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

799 E Us Highway 45 Highway 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.

799 E Us Highway 45 Highway Monthly Cost

$
$ %
%
$
$
Jeremy Woods
* 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.

799 E Us Highway 45 Highway 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

799 E Us Highway 45 Highway History

Date Event Value Agent
6/7/2026Source: MRED Status Change
Active
6/2/2026Source: MRED Price Reduction
$650,000 -13.3%
6/2/2026Source: MRED Status Change
Price Change
1/22/2026Source: MRED Status Change
Active
1/17/2026Source: MRED Price Reduction
$750,000 -3.8%
1/17/2026Source: MRED Status Change
Re-activated
6/7/2025Source: MRED Status Change
Active
6/2/2025Source: MRED Price Reduction
$780,000 -2.5%
6/2/2025Source: MRED Status Change
Re-activated
4/8/2025Source: MRED Status Change
Contingent
1/13/2025Source: MRED Status Change
Active
1/8/2025Source: MRED Status Change
Re-activated
8/12/2024Source: MRED Status Change
Active
8/7/2024Source: MRED Price Reduction
$800,000 -3.6%
8/7/2024Source: MRED Status Change
Price Change
3/16/2024Source: MRED Status Change
Active
3/11/2024Source: MRED Added to Database
March 11, 2024