799 E US Highway 45 Highway, Mundelein, IL 60060 - Photo 1

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1/17

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$750,000 -$30,000 (-3.85%) Price Reduced

For Sale
Active
Commercial Service
3,503 Sq. Ft.
Updated 1 day ago

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Property Description

High traffic location near the intersection of Route 83 and US Highway 45. Long-time, established restaurant has been operating for over 40 years here. Buy the business, do your own thing, keep it a restaurant/bar, or pitch redevelopment, there are many options for this great location. The building is just over 3500 square feet above grade with storage and freezer in the basement. 42 parking spaces, .51 acre lot. Additional items: larger full kitchen including walk-in freezer, up-right oven, gas stove and deep fryer, ice machine, dishwasher and triple sink basin, prep-station and additional dry-storage in basement.

Full Property Details

Full Property Details for 799 E US Hwy 45 Hwy

General

Price: $750,000
Taxes: $23,059 (2023)
Status: Active
Type: Commercial Service
Source: MRED
MLS ID: 12001090
Updated: 1/17/2026
Added to Site: 678 day(s) ago

Additional Information

Security/Safety: Alarm Monitored, Fire Extinguisher(s), Partially Sprinklered

Location

Area: Ivanhoe / Mundelein
County: Lake
Township: Vernon
Driving Directions: East of the intersection of US 45 & Rte. 83 on the south side of US 45.
Location Details: In City Limits, High Traffic Area

Heating & Cooling

Cooling Type: Chillers
Heating Type: Forced Air

Utilities

Water: Well
Onsite: Electricity to Site, Natural Gas Available, Sewer Connected

Structural Information

Stories/Levels: 1
Square Feet: 3,503
Current Bldg. Use: Commercial
Year Built: 1965

Unit Information

Extra Storage Avail: Yes

Lot Features

Lot Size (Sq. Ft.): 22,216
Lot Dimensions: 140 x 159
Frontage: Public Road, US Highway
Zoning: COMMR

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Security Deposit: Alarm Monitored, Fire Extinguisher/s, Partially Sprinklered
Assessment Year: 1965
Tax Amount: $23,059.6
Tax Year: 2023
Tenant Pays: All Utilities

Disclosures and Reports

Property ID: 15062010020000

Listed by Baird & Warner Fox Valley - Geneva

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Schools

Schools serving 799 E US Hwy 45 Hwy

School Districts:Diamond Lake School District 76, Adlai E. Stevenson High School District 125

Name	Grades	Distance
Diamond Lake School 25807 North Diamond Lake Road, Mundelein, IL 60060	PK-2	0.6 mi
West Oak Intermediate School 26156 North Acorn Lane, Mundelein, IL 60060	3-5	1.3 mi
West Oak Middle School 26156 North Acorn Lane, Mundelein, IL 60060	6-8	1.3 mi
Adlai E Stevenson High School 1 Stevenson Drive, Lincolnshire, IL 60069	9-12	3.4 mi

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

Price & Sales History for 799 E US Hwy 45 Hwy Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/17/2026

Price Reduced

$750,000

-3.85%

MLS

6/02/2025

Price Reduced

$780,000

-2.5%

MLS

8/07/2024

Price Reduced

$800,000

-3.61%

MLS

3/11/2024

Listed

$830,000

—

MLS

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 799 E US Hwy 45 Hwy

Year

Property Taxes

Change

Tax Assessment

Change

2024

$23,095

-6%

$215,260

2023

$24,584

$203,114

-6%

2022

$23,813

$216,107

2021

$23,646

$213,776

—

2020

$23,277

—

$214,505

—

2019

$23,252

$213,714

2018

$22,520

$205,871

2017

$22,065

$201,065

2016

$21,434

$192,536

2015

$20,872

-1%

$180,058

—

2014

$21,166

$180,058

-1%

2013

$20,373

$182,448

-2%

2012

$19,564

—

$185,918

—

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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 799 E US Hwy 45 Hwy

799 E US Highway 45 Highway, Mundelein, IL 60060 (MLS# 12001090) is a Commercial Service property. 799 E US Highway 45 Highway is currently listed for $750,000 and was received on March 11, 2024. Want to learn more about 799 E US Highway 45 Highway? Do you have questions about finding other Commercial Service 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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799 E US Hwy 45 Hwy Mundelein, IL 60060