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301-357 Townline Rd
Mundelein, IL 60060
Patriots Plaza · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Prime retail location with over 37,000 vehicles per day.
  • Surrounded by national retailers and strong residential base.
  • Flexible redevelopment or owner-user potential.
  • Two large building and lot options: 90,613 SF and 122,442 SF.
  • High household income and strong local demographics.

EXECUTIVE SUMMARY

Patriot’s Plaza presents a rare investment opportunity in Mundelein, Illinois, located at the highly visible intersection of Townline Road and Lake Street. This retail property offers exceptional frontage and exposure with traffic counts exceeding 37,000 vehicles per day, making it a prime destination for retailers and service providers. The site includes two large-format building and lot configurations—90,613 SF and 122,442 SF—providing flexibility for redevelopment, owner-user occupancy, or multi-tenant leasing strategies.
The property is positioned within a strong trade area anchored by national brands such as Jewel-Osco, Panera Bread, Burger King, and Chase Bank. Its proximity to dense residential neighborhoods, multiple industrial parks, and educational institutions ensures a steady flow of consumer traffic. The surrounding market boasts high household incomes and robust demographics, creating a favorable environment for retail success.
With negotiable pricing and strategic location advantages, Patriot’s Plaza is ideal for investors seeking long-term value or businesses looking to establish a flagship presence in a thriving suburban corridor. This property combines visibility, accessibility, and growth potential in one of Lake County’s most active retail markets.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
45,000 SF
Building Class
C
Year Built
1987
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
6.09 AC
Zoning
C - Commercial and Auto
Parking
250 Spaces (5.56 Spaces per 1,000 SF Leased)

AMENITIES

  • Freeway Visibility
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 15-06-102-016
  • 15-06-102-017
Land Assessment
$711,248
Improvements Assessment
$148,446
Total Assessment
$859,694
  • Listing ID: 39053876

  • Date on Market: 1/12/2026

  • Last Updated:

  • Address: 301-357 Townline Rd, Mundelein, IL 60060

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