Exceptional 5-acre vacant lot in a prime, high-visibility location with fantastic frontage and direct access to Route 83, as well as immediate proximity to the Rt 83/Rt 60 intersection-offering outstanding exposure and convenience for future development. Zoned Residential, or C1-C4 Commercial per Ordinance No. 0-25-04-20 (approved 4/14/2025), this property presents a rare opportunity for commercial or mixed-use development in a rapidly growing area surrounded by established residential neighborhoods and active commercial corridors. The parcel includes two PINs (10-23-100-004 & 10-23-100-005), and an access road is already in place on the site. Soil testing has been completed and approved, streamlining the development process. This location is ideal for a wide variety of commercial uses and is perfectly positioned to capitalize on steady traffic flow and surrounding community demand.
162 days
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62
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2
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Zillow last checked:
Listing updated:
Listed by:
Corey Barker224-548-1323,
Keller Williams North Shore West
Source: MRED as distributed by MLS GRID,MLS#: 12566039
Facts & features
Property
Features
Frontage length: 495
Lot
Size: 5 Acres
Details
Additional parcels included: 10231000040000
Parcel number: 10231000040000
Zoning: COMMR
Special conditions: None
Utilities & green energy
Utilities for property: Electricity Nearby, Electric to Site, Natural Gas Nearby, Natural Gas Available, Sewer Nearby, Sewer Connected, Water Available
Community & HOA
Location
Region: Mundelein
Financial & listing details
Annual tax amount: $10,231,060
Date on market: 2/11/2026
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/22/2026
Price change
$799,000
Source: MRED as distributed by MLS GRID #12566039Report a problem
4/25/2026
Price change
--
Source: MRED as distributed by MLS GRID #12566039Report a problem
2/17/2026
Price change
$799,000-8.7%
Source: MRED as distributed by MLS GRID #12566039Report a problem
2/11/2026
Listed for sale
$875,000
Source: MRED as distributed by MLS GRID #12566039Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.