28884 N IL Route 83 Street, Mundelein, IL 60060
Lake County
Key Facts
Description
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.
Property Information
Property Type
Land
Lot Size
5.00 acres
Lot Dimensions
217800
Ownership
Fee Simple
Zoning
COMMR
Days on Market
74
MLS® Listing#
12566039
Property Features
Lot Features
Utilities
Financial Details
Annual Taxes
$10,231,060
Tax year 2023
Parcel Number
10231000040000
Directions
Route 83 North of Route 60, West side of the road, adjacent to the Ivanhoe Community Club Park
Affordability Calculator
$159,800
Estimated monthly payment
$4,253/mo
Principal $639,200 · Est. interest $891,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mundelein, IL
- $429,167
- Median Listing Price
- 24
- Median Days on Market
- 1,662
- Median Sq Ft
- $249
- Median Price / Sq Ft
- 65
- Active Listings
- This home’s price is 86% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mundelein, IL.
Location
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Points of Interest in Mundelein, IL
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 21428 W Crescent Drive, Mundelein, IL | $559,500 | 4 | 3 | 4,020 |
| 219 Elm Avenue, Mundelein, IL | $575,000 | 4 | 4 | 3,635 |
| 585 Killarney Pass Circle, Mundelein, IL | $615,000 | 3 | 2 | 2,983 |
| 422 James Avenue, Mundelein, IL | $649,500 | 4 | 3 | 3,060 |
| 799 E Us Highway 45 Highway, Mundelein, IL | $650,000 | — | — | 3,503 |
| 1017 Kessler Drive, Mundelein, IL | $655,000 | 4 | 3 | 2,872 |
Moving Cost Estimate
EXIT Agents in Mundelein
Listing Courtesy: Keller Williams North Shore West - 8473836600
Last Updated: 2026-02-11