741 S Midlothian Road, Mundelein, IL 60060 - Photo 1

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$4,450,000 -$750,000 (-14.42%) Price Reduced

For Sale
Active
Business
9,594 Sq. Ft.
Updated 12 hours ago

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Property Description

High-visibility investment opportunity on busy Midlothian Road! This property is home to a well-trafficked car wash with strong daily vehicle counts and consistent customer flow. Positioned in a prime Mundelein corridor, the site benefits from excellent frontage, easy ingress/egress, and steady exposure to passing traffic. Surrounded by established residential neighborhoods and nearby retail, the location supports repeat business and long-term growth potential. Ideal for investors seeking cash flow, value-add potential, or redevelopment upside in a strong Lake County market. Don't miss this chance to own a busy car wash in a high-demand area. Contact us for additional details.

Full Property Details

Full Property Details for 741 S Midlothian Rd

General

Price: $4,450,000
Taxes: $39,686 (2024)
Status: Active
Type: Business
Source: MRED
MLS ID: 12573519
Updated: 3/27/2026
Added to Site: 36 day(s) ago

Business

Business Type: Auto Service
Years in Business: 11 or More

Location

Area: Confidential Commercial Listings
County: Lake
Driving Directions: North Midlothian Road State Hwy60 NE

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Gas

Structural Information

Stories/Levels: 2
Square Feet: 9,594

Lot Features

Lot Size (Sq. Ft.): 43,124
Lot Size Range: 1.0 to 1.99 Acres
Lot Dimensions: COMMON

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Operating Expenses: $2,025
Tax Amount: $39,686
Tax Year: 2024

Disclosures and Reports

Property ID: 1036109025

Listed by @properties Commercial

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— 741 S Midlothian Rd —

@properties Commercial

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Schools

Schools serving 741 S Midlothian Rd

School Districts:Diamond Lake School District 76, Mundelein Consolidated High School District 120

Name	Grades	Distance
West Oak Intermediate School 26156 North Acorn Lane, Mundelein, IL 60060	3-5	0.8 mi
Diamond Lake School 25807 North Diamond Lake Road, Mundelein, IL 60060	PK-2	1.4 mi
West Oak Middle School 26156 North Acorn Lane, Mundelein, IL 60060	6-8	0.8 mi
Mundelein Cons High School 1350 West Hawley Street, Mundelein, IL 60060	9-12	1.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 741 S Midlothian Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/27/2026

Price Reduced

$4,450,000

-14.42%

MLS

2/20/2026

Listed

$5,200,000

241.54%

MLS

8/29/2012

Sold

$1,522,500

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 741 S Midlothian Rd

Year

Property Taxes

Change

Tax Assessment

Change

2024

$41,909

-9%

$388,762

—

2023

$45,865

$388,762

-8%

2022

$43,740

$422,337

2021

$42,648

$407,543

2020

$41,056

—

$396,327

-25%

2019

$41,056

-28%

$525,601

-2%

2018

$56,915

$534,372

2017

$56,340

$517,552

2016

$55,136

$491,549

2015

$53,926

$460,812

—

2014

$52,967

$460,812

2013

$50,729

$451,777

-16%

2012

$47,875

—

$538,175

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 741 S Midlothian Rd

741 S Midlothian Road, Mundelein, IL 60060 (MLS# 12573519) is a Business property. 741 S Midlothian Road is currently listed for $4,450,000 and was received on February 20, 2026. Want to learn more about 741 S Midlothian Road? Do you have questions about finding other Business real estate for sale in Mundelein? You can browse all Mundelein real estate or contact a Coldwell Banker agent to request more information.

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741 S Midlothian Rd Mundelein, IL 60060