FOR SALE...frame shop, medical supplies, glass repair/ installation, insurance broker and butcher shop, among others. The property is currently leased at below market rents. Situated

PROPERTY HIGHLIGHTS

• Single story, multi-tenant neighborhood commercial

center

• Approximately 29,460 +/- SF property

• 1.65 acres or 72,090 SF site

• 10 units range approximately from 1,550 +/- to

5,670 +/- SF

• Great mix of long term, service oriented tenants

including tap room, frame shop, medical supplies,

insurance broker and butcher shop

• Low rents

• C-1 Commercial District Zoning allows for variety of

uses

• 932 total feet of frontage on two corners

• Parking for 83 vehicles

LOCATION HIGHLIGHTS

• Within developing mixed-use area anchored by

newer housing developments and the Village Hall

• Located one block from Route 176 (10,450 VPD)

and 4 blocks from Route 45 (22,500 VPD)

• Very convenient to Village Center and Metra

Station; bus stops at corner

FOR SALE

$1,200,000

FOR SALE 608-632 Hawley Street, Mundelein, IL 60060

All information furnished is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, or withdrawal without notice.

atpropertiescommercial.com

NICK PATINKIN847.204.9653

[email protected]

VALUE-ADD OPPORTUNITY

BUILDING AGE Constructed in 1955

LAND AREA 72,090 +/- SF, 1.65 acres, Irregular Shape

BUILDING AREA Approximately 29,460 +/- SF

FRONTAGE 524 SF on Hawley Street

288 SF on Prospect Avenue

120 SF on Norton Avenue

PIN 11-19-319-010

ZONING C-1 Commercial District

PERMITTED USES Includes Commercial, Institutional,

Residential. See Zoning Information.

RE TAXES $42,927.64 est

CONSTRUCTION Masonry, wood, steel

FOUNDATION Concrete

ELECTRICAL 100-400 AMPs per unit

HVAC Individual, roof-mounted, gas forced air units

PARKING Dedicated lot for 83 vehicles

SPACES Ten tenant spaces from range approximately 1,500 SF to approx 5,670 SF

SUITE APPROX SF

608 5670 610 4160612 3200614 1550618 2300620 3000622 2000626 2400628 2000630-632 3680

facts & features




[email protected]

608 – 632 Hawley Street is a single story,

multi-tenant commercial center located

in Mundelein, Illinois. The building offers

approximately 29,460 square feet of space

and is currently divided into 10 units that

vary in size from approximately 1,550 to

approximately 5,670 square feet. The building

is currently occupied by a great mix of

longterm, tenants the majority of which are

service-oriented. These include a tap room,

frame shop, medical supplies, glass repair/

installation, insurance broker and butcher

shop, among others. The property is currently

leased at below market rents. Situated on an

irregularly shaped land site on the corners

of Hawley Street, Prospect Avenue and

Norton Avenue, the land site is approximately

72,090 square feet or 1.65 acres. Zoning is C-1

Commercial District which allows a variety of

uses including commercial, institutional and

residential. Parking for 83 vehicles is available

on the south and east ends of the lot. The

property offers 524 square feet of frontage on

Hawley Street, 288 square feet of frontage on

Prospect Avenue and 120 square feet along

Norton Avenue.

608 – 632 Hawley Street is within a mixed

use area on a commercial strip anchored by

newer housing developments. Located one

block from Route 176 (E. Maple Avenue, 10,450

VPD) and 4 blocks from Route 45 (N. Lake St.

22,500 VPD). This location is very convenient

to The Village Center (.06 miles) with Village

Hall and the Metra Station. The property is an

easy walk to multiple shopping, dining options

and coffee shops.

608-632 Hawley Street / Mundelein, IL 60060PHOTOS




[email protected]

INCOME

Gross Scheduled Income $193,476

Vacancy and Collection (5%) $9,974

EFFECTIVE GROSS INCOME $189,502

EXPENSES

Real Estate Taxes $63,133

Management $9,475

Insurance $8,376

Utilities $1,165

Maintenance & Repair $7,341

Commissions $1,625

Legal & Accounting $2,500

Reserve $6,500

TOTAL EXPENSES $100,115

NET OPERATING INCOME $89,387

CAP RATE 7.5%

pro forma




[email protected]



plat of survey


[email protected]

pin map




[email protected]

SITE

retail & traffic map




[email protected]



demographics 1 mile 3 mile 5 mile

2019 Estimated Population 11,239 68,743 107,741

2019 Estimated Households 3,773 26,014 40,478

2019 Estimated Average Household Income $95,827 $140,425 $149,761


[email protected]

Village of Mundelein Chapter 20.32 – Page 1 Zoning Ordinance Chapter 20.32. Commercial Zoning Districts

CHAPTER 20.32 - COMMERCIAL ZONING DISTRICTS 20.32.010 – Commercial zoning districts purpose statements. 20.32.020 – Permitted and special uses. 20.32.030 – Bulk and yard regulations. 20.32.040 – Commercial district design standards. 20.32.050 – General standards of applicability.

20.32.010 – Commercial zoning districts purpose statements.

A. Purpose of C-1 Neighborhood Commercial Zoning District. The C-1 Neighborhood Commercial District is intended to provide primarily for retail uses, personal service uses, and professional offices. The district is intended for application where there exists a grouping of commercial uses that are more pedestrian-oriented and where residential areas are in close proximity. The district regulations are designed to encourage compatibility with adjacent or nearby land uses.

B. Purpose of C-2 General Commercial Zoning District. The C-2 General Commercial District is intended to provide sufficient space in appropriate locations for a variety of retail uses, personal service uses, and professional offices, generally serving a wider area with a need to accommodate larger-scale, auto-oriented commercial uses which require significant parking and are particularly located along existing commercial corridors.

C. Purpose of C-3 Heavy Commercial Zoning District. The C-3 Heavy Commercial District is intended to provide for auto-oriented heavy commercial uses. Standards for the C-3 District are designed to maintain and enhance the appearance of these areas, and to provide adequate buffering between any residential and lower-intensity commercial properties located adjacent to the district.

D. Purpose of C-4 Shopping Center Zoning District. The purpose of the C-4 Shopping Center District is to preserve and provide for commercial uses located within a shopping center environment that serve both residents and the surrounding areas. The C-4 District provides for shopping center development that generates a sizeable amount of traffic and a significant demand for off-street parking.

C-1 zoning




[email protected]


20.32.020 – Permitted and special uses.

Table 20.32-1: Commercial Zoning Districts Permitted and Special Uses lists permitted and special uses for the commercial districts. A “P” indicates that a use is permitted within that district. An “S” indicates that a use is a special use in that district and must obtain special use approval as required in Section 20.16.040 (Special Use). No letter (i.e., a blank space), or the absence of the use from the table, indicates that use is not allowed within that district.

TABLE 20.32-1: COMMERCIAL DISTRICTS PERMITTED & SPECIAL USES

USE1 DISTRICT USE STANDARDS C-1 C-2 C-3 C-4RESIDENTIALDwelling, Above the Ground Floor P P S P Dwelling, Multi-Family S Section 20.48.030(L)Dwelling, Townhouse S Section 20.48.030(L)Residential Care Facility S Section 20.48.030(DD)INSTITUTIONALAssembly Hall P P P P Cultural Facility P P P P Section 20.48.030(G)Educational Facilities, Vocational School S S S Section 20.48.030(M)Government Facilities P P P P Place of Worship S S S S Section 20.48.030(Y)COMMERCIALAnimal Hospital S P P P Art Gallery P P P P Arts Studio P P P P Banquet Facility S S S Section 20.48.030(C)Car Wash S S S Currency Exchange P P P P Section 20.48.030(H)Day Care Center, Adult or Child P P P P Section 20.48.030(I)Drive-Through Facility S P P P Section 20.48.030(K)Financial Institution P P P P Funeral Home S P P Gas Station S P P P Section 20.48.030(O)Greenhouse/Nursery P P S Heavy Retail, Rental and Service P S Homeless Shelter S S Hospital S S Hotel/Motel S S Indoor Amusement Facility P P P Section 20.48.030(B)Kennel S P Section 20.48.030(N)Live Entertainment – Indoor P P P P Section 20.48.030(P)Live Entertainment – Outdoor S S S Section 20.48.030(P)Medical/Dental Clinic P P P P Mini-Warehouse P Motor Vehicle Aftermarket Enhancements S S Section 20.48.030(U)Motor Vehicle Dealership S Section 20.48.030(S)Motor Vehicle Rental Establishment S Section 20.48.030(S)Motor Vehicle Service and Repair, Minor S S Section 20.48.030(U)Motor Vehicle Service and Repair, Major S Section 20.48.030(U)Office P P P P Outdoor Amusement Facility S P S Section 20.48.030(B)Outdoor Dining P P P P Section 20.48.030(W)Payday or Title Loan Agency P P P Section 20.48.030(H)Pawn Shop P P Section 20.48.030(H)Personal Services Establishment P P P P

C-1 zoning




[email protected]


TABLE 20.32-1: COMMERCIAL DISTRICTS PERMITTED & SPECIAL USES

USE1 DISTRICT USE STANDARDS C-1 C-2 C-3 C-4Pet “Day Care” Service P P P P Section 20.48.030(N)Restaurant P P P P Retail Goods Establishment P P P P Shooting Range S Section 20.48.030(EE)Social Club or Lodge P P P P Smoke Shop S S S Section 20.48.030(FF)Tattoo Parlor S Tavern/Bar P P P P TRANSPORTATION Motor Vehicle Operations Facility P Section 20.48.030(T)Off-Street Parking Lot S S S S Section 20.48.030(V)Parking Structure S S S S Section 20.48.030(V)OPEN SPACEPark/Playground P P P Urban Agriculture S S Section 20.48.030(HH)OTHERCommunity Center S S S S Section 20.48.030(E)Planned Unit Development S S S S Chapter 20.20 Recycling Facility, Convenience Drop-Off P P P P Section 20.48.030(Z)Utilities, Private S P P Section 20.48.030(II)Wireless Telecommunications Antenna S, P2 S, P2 S, P2 S, P2 Section 20.48.030(KK)Wireless Telecommunications Facility S S S S Section 20.48.030(KK)Wireless Telecommunications Tower S S S S Section 20.48.030(KK)

TABLE 20.32-1: FOOTNOTES 1 The terms in this column (“Use”) are defined in Chapter 20.68 (Generic Use Definitions). 2 Only wireless telecommunications antennas that comply with the stealth design standards of Section 20.48.030(KK) shall be considered permitted uses.

20.32.030 – Bulk and yard regulations.

Table 20.32-2: Commercial Zoning Districts Bulk and Yard Regulations establishes bulk and yard regulations for the commercial zoning districts.

TABLE 30.32-2: COMMERCIAL DISTRICT BULK AND YARD REGULATIONS

BULK AND YARD REGULATIONS DISTRICTC-1 C-2 C-3 C-4

BULK REGULATIONS

Minimum Lot Area Residential: 2,000sf/du Non-Residential: None

Residential: 2,000sf/du Non-Residential: None

Residential: 2,000sf/du Non-Residential: None

Minimum District Size: 2 acres Residential: 2,000sf/du Non-Residential: None

Minimum Lot Width None None None Minimum District Lot Width: 100 ft

Maximum Building Height1,2 35’ 40’ and 3 stories 35’ 40’ and 3 stories

Design Standards See Section 20.32.040(A)

See Section 20.32.040(A)

See Section 20.32.040(B)

See Section 20.32.040(C)

YARD REQUIREMENTSFront Yard Maximum: 10’ Maximum: 10’ Minimum: 10’ Minimum: 25’Minimum Interior Side Yard –Abutting Non-Residential District None None None None

Minimum Interior Side Yard –Abutting Residential District 10’ 10’ 10’ 20’

zoning




[email protected]

Documents

FOR SALE...frame shop, medical supplies, glass repair/ installation, insurance broker and butcher shop, among others. The property is currently leased at below market rents. Situated