440 Crystal StMundelein, IL 60060

This exceptional 9.7-acre commercial land parcel, located at 440 East Crystal Street in Mundelein, Illinois (zip code 60060), presents a unique investment opportunity. The property, identified by APN numbers 11-30-109-012, 11-30-109-013, and 11-30-109-016, is zoned C-5 Downtown Commercial District, allowing for a wide range of development possibilities. Buildings have been demolished, leaving the site ready for immediate development. The asking price is $4,750,000, with current annual taxes totaling $10,444.99. A significant advantage is the availability of approximately $8,000,000 in Tax Increment Financing (TIF) funds, significantly reducing development costs. The village of Mundelein actively encourages high-density residential development. This location boasts excellent transit access, being a mere two-minute walk from the Mundelein Metra station, providing convenient daily service to downtown Chicago. High traffic counts further enhance the site's appeal, with 18,300 vehicles daily on Route 45 and 3,100 on Cortland Street. This property offers unparalleled potential for a high-impact development project in a thriving downtown area. Contact us for detailed information and to explore this exciting opportunity.