The NAI Hiffman Industrial Capital Markets Team is pleased to present for sale 1040-1060 High Street in Mundelein, Illinois (the “Property”). The asset is a 60,025 square foot warehouse and distribution facility situated on 2.7 acres, 33% leased to one tenant with a remaining lease term of 1 year (as of 07/01/2025). The Property is located within the Lake County submarket of the Chicago MSA, just 1.2 miles from Route 45 and 5.8 miles from I-94. The submarket has seen strong demand throughout 2024 with over 1.6 million square feet of new leasing and approximately 820,000 square feet of net absorption, decreasing the submarket’s vacancy rate to 6.1%.

There is considerable upside in this opportunity, as investors will be positioned with the flexibility to renew the current tenant and lease the remaining 40,007 square feet or market the building to a single tenant.