Mundelein, IL
Commercial Real Estate Market Trends & Data

$386 Avg asking sale price
$165 Avg asking lease rate
12,512 SF Avg unit lease size
43,410 SF Avg building size for sale
4.75% Average cap rate

Mundelein's Demographic Profile

Mundelein has 12,187 households and a median income of $96,467, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 33,543
# Households 12,187
Median age 40
Median household income $96,467
Avg household size 3.0
Renter-occupied housing units 3,792
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Mundelein, IL

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Hawthorn Woods $384 19,022 SF 8.61%
Lake Zurich $112 20,214 SF 8.61%
Nearby Retail Markets Avg Cost/SF Typical Size
Mundelein $113 27,765 SF
Hawthorn Woods $121 83,888 SF
Lake Zurich $201 83,488 SF
Vernon Hills $113 30,312 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
North Chicago $197 6,544 SF 9.54%
Abbott Park $278 6,544 SF 9.54%
Lake Villa $169 4,350 SF 8.36%
Palatine $288 66,069 SF 5.73%
Waukegan $197 6,544 SF 9.54%

Commercial Properties For Sale in Mundelein

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Raising Cane's

Vernon Hills, IL 60061

  • 3,454 SF Retail Building
  • 4.75% Cap Rate
  • $3,578,947
For Sale

AREA Commercial Corner

Mundelein, IL 60060

  • 0.43 AC Lot
  • 1 Commercial Lot
  • $286,000
For Sale

1760 N Milwaukee Ave

Vernon Hills, IL 60061

  • 1.52 AC Lot
  • 1 Commercial Lot
  • $996,304
For Sale

1850 N US 45

Libertyville, IL 60048

  • 168,789 SF Industrial Building
  • $20,600,000
For Sale

The Shoppes at Gregg's Landing

Vernon Hills, IL 60061

  • 6.12 AC Lot
  • 1 Commercial Lot
  • $2,133,499
For Sale

Restaurant/Mixed-Use Properties

Mundelein, IL 60060

  • 12,875 SF Retail Building
  • $1,450,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Mundelein pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Mundelein $386 43,410 SF
Hawthorn Woods $362 18,655 SF
Lake Zurich $174 20,497 SF
Vernon Hills $218 69,525 SF
Libertyville $230 42,795 SF

Regional Demographic Comparison

This comparison places Mundelein alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Mundelein or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lake Zurich 19,134 6,746 43 $123,746 3 1,089 -2%
Libertyville 20,525 7,660 44 $154,487 3 1,641 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Mundelein, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Mundelein

View All Commercial Real Estate For Sale in Mundelein
Is Mundelein a good market for a first-time commercial real estate investor?

Mundelein offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Mundelein?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Mundelein. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Mundelein?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Mundelein. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Mundelein compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Mundelein. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Mundelein acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Mundelein, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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