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Highlights

  • Ground-lease pad in the heart of downtown Mundelein's transit-oriented redevelopment district
  • Surrounded by 500+ new market-rate apartments delivered 2024–2025 (Station 250, Cardinal Square, 101 E. Maple) — more underway east of Seymour
  • Located within downtown Mundelein's TIF / redevelopment area — a Village-supported commercial corridor
  • Steps from the Mundelein Metra station (North Central Service); Pace routes 574 & 593
  • Flexible & divisible: 7,500–25,000 SF, suited to drive-thru QSR, coffee, bank/ATM, or small retail
  • Aggressive $7.50/SF/YR ground-lease rate; build-to-suit available

LOT Available

Display Rental Rate as

Rental Rate
  • $7.50 /SF/YR
  • $0.63 /SF/MO
  • $187,500 /YR
  • $15,625 /MO
Lease Term 5 - 100 Years
Lot Size 0.17 - 0.57 AC

Rare ground-lease pad site in the core of downtown Mundelein, inside the Village's transit-oriented redevelopment district and steps from the Mundelein Metra station. The outparcel delivers 7,500–25,000 SF of flexible, divisible land at $7.50/SF/YR — built for a drive-thru restaurant, coffee/QSR concept, bank branch, ATM kiosk, or small-format retail.
The surrounding blocks have absorbed hundreds of new market-rate apartments in the last two years — Station 250 (166 units), Cardinal Square Phase III (180 units), and the 101 E. Maple redevelopment (139 units) — with a senior building and the Flaherty & Collins multifamily/townhome project underway east of Seymour Avenue. That rooftop growth, plus daily Metra commuters on the North Central Service line and Pace bus routes 574 and 593, creates a dense, walkable, built-in customer base rarely available on a suburban pad.
All utilities are already run to the site, reducing pre-development cost and timeline. Ground-lease and build-to-suit structures available. The parcel sits within downtown Mundelein's TIF/redevelopment area, where the Village has actively backed new commercial and mixed-use development.

Property Overview

Rare ground-lease pad site in the core of downtown Mundelein, inside the Village's transit-oriented redevelopment district and steps from the Mundelein Metra station. The outparcel delivers 7,500–25,000 SF of flexible, divisible land at $7.50/SF/YR — built for a drive-thru restaurant, coffee/QSR concept, bank branch, ATM kiosk, or small-format retail. The surrounding blocks have absorbed hundreds of new market-rate apartments in the last two years — Station 250 (166 units), Cardinal Square Phase III (180 units), and the 101 E. Maple redevelopment (139 units) — with a senior building and the Flaherty & Collins multifamily/townhome project underway east of Seymour Avenue. That rooftop growth, plus daily Metra commuters on the North Central Service line and Pace bus routes 574 and 593, creates a dense, walkable, built-in customer base rarely available on a suburban pad. All utilities are already run to the site, reducing pre-development cost and timeline. Ground-lease and build-to-suit structures available. The parcel sits within downtown Mundelein's TIF/redevelopment area, where the Village has actively backed new commercial and mixed-use development.

Property Facts

Total Space Available 0.57 AC
Min. Divisible 0.17 AC
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Bank
  • Bar
  • Daycare Center
  • Fast Food
  • Storefront
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
  • Listing ID: 32544174

  • Date on Market: 7/2/2026

  • Last Updated:

  • Address: 144 Seymour Ave, Mundelein, IL 60060

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