100 S Midlothian
Mundelein, IL 60060
Terrain À vendre · 3,04 ha

This is a 7.5-acre entitled pre-development senior living site located in Mundelein, IL. Mundelein is 32 miles north of downtown Chicago in Lake County, IL. Lake County is located in the northeastern corner of Illinois, along the shores of Lake Michigan.  Mundelein has a population of approximately 31,000 residents and is known for its family-friendly neighborhoods, strong school systems, and expansive parklands. The land provides a rare opportunity to build a senior living asset in a desirable suburban Chicago market. 
Originally acquired in 2019, development was paused due to COVID-related delays. The site remains fully zoned (R-5 multifamily), and the current owner has completed architectural drawings and design plans (which they may be open to including with the sale). These plans incorporate wood fittings and will require updates to meet modern steel specifications. 
 
The owner envisioned a large-scale senior housing community on the site, as reflected in the OM included renderings and floor plans. While that specific project is no longer moving forward, the architectural work and groundwork offer a valuable head start to buyers looking to build or reimagine a senior living concept. Additionally, the owner’s preferred operator, Carriage Crossing (an IL-based company), is still excited about the project and open to management opportunities.  
Opportunity:
The Village of Mundelein has a population of approximately 31,500 residents, with a broader Lake County population of over 700,000. Mundelein is positioned near the intersection of major transportation corridors, including U.S. Route 45, Illinois Route 60, and nearby access to Interstate 94, providing efficient connectivity to Chicago and Milwaukee.
Advocate Condell Medical Center and Northwestern Medicine Lake Forest Hospital are located approximately three and nine miles from the site, respectively.
Compelling Demographics:
By 2030, the 75+ population within three miles of Mundelein is anticipated to increase approximately 30%; the age & income-qualified population is expected to increase just over 32%.

Excellent Location:
The community is nestled between a few residential neighborhoods and off a main roadway, offering great visablity from drive-by traffic and nearby adult children, making it a preferred destination for potential residents and easy access for visitors.
Architectural Drawings & Supportive City:
The seller completed some of the necessary architectural drawings and pre-development work as they were about to break ground on the site. A new owner could quickly turn the concept into reality.
The city of Mundelein is supportive and eager for a senior living project development, making the development process smoother for a new owner.
The site is zoned & entitled for senior housing.