Incredible Re-Development Opportunity in Mundelein, IL
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Suggested Opening Bid: $195,000
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
Manual Bays: 6
2019 Taxes: $5,888.66
PIN #: 1130100021
Zoning: C5 MU; TIF 2 District
New to the market! Approximately .6 acres (24,829 sf) of land. The existing building is approx. 2986.5 sf. Currently there is a vacant, 6 bay car wash on this property. It is 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. The property is fully improved and features heavy power.
There are numerous potential re-development opportunities for this property such as retail stores, free-standing restaurant, fast food, coffee shops etc.
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Total Bids Placed:
Location: 167 Seymour Street, Mundelein, IL, 60060
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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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