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Mixed-Use Land for Sale in Mundelein, Illinois

20922 W Il Route 176, Mundelein, IL 60060

$1,500,000
3.13 acres
Active sale
ago
Est $9,068/mo

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.

Sq feet
1951
Built

Location

Street address
20922 W Il Route 176
Community
Ivanhoe / Mundelein
Elevation
848 feet
Coordinates
42.2774, -88.0419

Directions

Illinois Route 176 to the property. Property is located at Route 176 and Schank Avenue. Just past muffler shop.

Property details

Acreage
3.13 acres
Zoning
COMMR
MLS #
MRED 12616692
Posted

Property taxes

2024
$22,475

Parcels

  • 10231000420000

Details and features

Listing

Type
Commercial Sale
Franchise
Independent

Structure

Stories
1
Cooling
Central Air

Property utilities

CategoryTypeStatus
GasNatural GasAvailable

Listing history

DateEventPriceChangeSource
Apr 12, 2026New listing$1,500,000MRED
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This 3.13-acre property is located at 20922 W Il Route 176 in Mundelein, IL 60060. The property is available for sale for $1,500,000. It has a structure built in 1951.

Checked 1 hour ago — Updated

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