25765-25767 Hillview Court
Industrial | 22,000 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the flex building located at 25765-25767 Hillview Court in Mundelein, Illinois (the “Property” or “Building Two”). The Property, also known as Building Two, is positioned within Midlothian Center, a well-maintained six building corporate park. Building Two contains a total of 22,000 square feet of gross leasable area on a 1.29-acre parcel. The Property has seven (7) suites and is 93.18% leased to a complimentary mix of local tenants that serve the needs of the area residents. Building Two offers a stable and secure income stream with upside through the lease up of the vacant space.
The Property is strategically located along N Midlothian Road, adjacent to the signalized intersection of N Midlothian Road and N Gilmer Road, the area’s primary corridors. The attractive and well-maintained Property benefits from limited competition as most of the area’s flex and industrial properties and parks are located along the Route 21 corridor in Vernon Hills and along the Route 22 corridor in Lake Zurich. Building Two enjoys convenient access to the area’s primary roadways, residential neighborhoods providing a built-in workforce, and the larger commercial centers of Libertyville, Vernon Hills, and Buffalo Grove, Illinois.
Mundelein is a vibrant suburban village located in Lake County, approximately 40 miles northwest of downtown Chicago.
Investment highlights
THE ASSET: The Property is a well-maintained flex building located within Midlothian Center, a six-building corporate park. The Property is improved by a 22,000 square foot building with seven (7) suites on a 1.29-acre parcel with ample on-site parking.
UPSIDE POTENTIAL: Building Two is 93.18% leased to a complimentary mix of local tenants and offers upside through the lease up of the 1,500 square foot vacant suite.
STRATEGIC LOCATION: Building Two is located along N Midlothian Road, adjacent to the signalized intersection of N Midlothian Road and N Gilmer Road, the area’s primary corridors. The Property is situated 4 miles from the commercial center of Mundelein and offers convenient access to the region’s primary roadways including IL Routes 21, 22, 60, 83, 137 and 136 as well as US Routes 12 and 45, and Interstate 94. The Property is across the street from Hawthorn Hills, a sprawling residential neighborhood with hundreds of homes, providing a captive and close workforce. Hawthorn Hills is also home to several parks and the Hawthorn Woods Country Club.
LIMITED COMMERCIAL COMPETITION: The Property benefits from extremely limited commercial competition as it is one of a handful of commercial properties in the immediate area. The Property’s strategic position adjacent to the intersection of N Midlothian Road and N Gilmer Road helps to increase the desirability of the Property.
TRAFFIC COUNTS: Approximately 12,800 vehicles pass the Property each day along N Midlothian Road, and more than 25,000 vehicles pass through the nearby intersection of N Midlothian Road and N Gilmer Road.
STRONG DEMOGRAPHICS: Over 33,900 people live within 3 miles of the Property with an average household income of $210,314. More than 117,600 people live within 5 miles of the Property with an average household income of approximately $188,779. Additionally, there are more than 44,100 employees within 5 miles of the Property.
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