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401-421 Townline Rd 12,000 SF of Retail Space Available in Mundelein, IL 60060
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 401 | 12,000 SF | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $168,000 /YR $14,000 /MO | Triple Net (NNN) |
1st Floor, Ste 401
Located at the signalized intersection of Townline Road (Route 60) and Lake Street, this prime Mundelein location sits in the heart of a high-traffic retail corridor with excellent visibility and easy ingress/egress. The surrounding area is anchored by top national quick-service brands including McDonald’s, Taco Bell, and Burger King, which generate steady daily traffic. Just minutes from I-94 and Route 83, the site offers strong regional connectivity and access to nearby communities like Vernon Hills and Libertyville. Shoppers are drawn from a wide radius thanks to the property's close proximity to major retail centers such as Hawthorne Mall, Red Top Plaza, and Patriots Plaza. The location also benefits from nearby community landmarks like the Royal Melbourne Country Club, Aspen Drive Library, and the University of St. Mary of the Lake, contributing to a steady mix of commuter, family, and high-income traffic. With a signalized intersection, ample shared parking, and exposure to one of Lake County’s most consistent consumer bases, this site is a standout opportunity for any brand looking to grow in the northwest suburbs.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- 1 Loading Dock
- Central Air and Heating
- Partitioned Offices
- Emergency Lighting
- 17,800 VPD
- Large Window Space
- Easy Access
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 401-421 TOWNLINE RD, MUNDELEIN, IL 60060
- China Buffet
PROPERTY FACTS
| Total Space Available | 12,000 SF | Gross Leasable Area | 19,634 SF |
| Property Type | Retail | Year Built | 1986 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 3.31/1,000 SF |
| Total Space Available | 12,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 19,634 SF |
| Year Built | 1986 |
| Parking Ratio | 3.31/1,000 SF |
ABOUT THE PROPERTY
Located at the signalized intersection of Townline Road (Route 60) and Lake Street, this prime Mundelein location sits in the heart of a high-traffic retail corridor with excellent visibility and easy ingress/egress. The surrounding area is anchored by top national quick-service brands including McDonald’s, Taco Bell, and Burger King, which generate steady daily traffic. Just minutes from I-94 and Route 83, the site offers strong regional connectivity and access to nearby communities like Vernon Hills and Libertyville. Shoppers are drawn from a wide radius thanks to the property's close proximity to major retail centers such as Hawthorne Mall, Red Top Plaza, and Patriots Plaza. The location also benefits from nearby community landmarks like the Royal Melbourne Country Club, Aspen Drive Library, and the University of St. Mary of the Lake, contributing to a steady mix of commuter, family, and high-income traffic. With a signalized intersection, ample shared parking, and exposure to one of Lake County’s most consistent consumer bases, this site is a standout opportunity for any brand looking to grow in the northwest suburbs.
NEARBY MAJOR RETAILERS
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401-421 Townline Rd
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