Marcus & Millichap Arranges $14 Million Sale Of LA Fitness Retail Property In Mundelein IL
1555 South Lake Street
$14,000,000
$156/SF
Building Size
89,357 SF
Asset Type
Retail
Closing
Jul 9, 2026
About this deal
AI
A retail property located at 1555 South Lake Street in Mundelein, Illinois, was sold for $14 million. The asset spans 89,357 square feet and is situated on 7.5 acres. The sale was highlighted by a price per square foot of $157.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,000,000
- Square Footage: 89,357
- Address: 1555 South Lake Street
- Market: Mundelein, IL
- Brokerage Firm: Marcus & Millichap
- Brokers: Austin Weisenbeck & Sean Sharko
- Mortgage Broker: Dean Giannakopoulos
- Acquisition Financing: $9.8 million
- Buyer Type: Out-of-state buyer completing a 1031 exchange
The deal was managed by Marcus & Millichap, which represented the seller and facilitated the out-of-state buyer's acquisition financing through a regional lender, ensuring a smooth transaction process.
Players
Sebastopol Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Dean Giannakopoulos to view all their deals.
Browse Sebastopol retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93