Incredible Re-Development Opportunity in Mundelein, IL
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Minimum Bid: $199,000
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)
Lot Size: Approx. .6 Acres
Building Size: Approx. 2986.5 SF
2020 Taxes: $5,918
PIN #: 1130100021
Zoning: C5 MU; TIF 2 District
Just re-listed to the market. Approximately .6 acres (24,829 sf) of land. located in downtown Mundelein in a high traffic location. Currently zoned C5 MU; (downtown mixed use district) and is in a TIF 2 District (adopted in 2016). Many other commercial businesses surround this property, including a McDonalds (across the street) and other restaurants, dry-cleaners and gas stations. Mundelein is a growing downtown area and this land is ideal for re-development.
There are numerous potential re-development opportunities for this property such as retail stores, free-standing restaurant, fast food, coffee shops or added parking for your neighboring business.
Pre-Auction Bids Highly Encouraged!
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Total Bids Placed:
Location: 167 Seymour Street, Mundelein, IL, 60060
How to Submit Pre-Auction Bid
Click on the Pre-Auction Offer Form button on the property page and submit your bid with proof of funds.
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BID APPROVAL PROCESS:
Review all information and due dilligence documents posted on the property listing on our website.
Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.
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There is a 6% Buyer's Premium in effect for this auction.
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