Active
6475 Washington Street
Gurnee IL, 60031
$3,150,000
$206.56 per sqft
Active
15,250 sqft
Commercial
Built in 2000
Courtesy of Coldwell Banker Commercial NRT
Introducing the Hunt Club Professional Building, now available for sale in Gurnee, IL. This premier property features a six-unit, 15,088 rentable square foot office building, currently 77% occupied by four stable tenants. The average lease term exceeds 7 years, with all tenants on triple net leases, minimizing landlord responsibilities and ensuring steady cash flow with annual rent increases that act as a hedge against inflation. For added potential, the property includes two vacant suites, offering immediate upside through lease-up and stabilization. Additionally, there is an opportunity to develop an adjacent 20,137 square feet (.46 acres) of vacant buildable commercial land, conveniently located behind the parking lot. This land could accommodate another office property or potentially be rezoned for residential use, expanding the property's value and flexibility. Don't miss out on this exceptional investment opportunity in a prime location with strong tenant stability and future development potential.
11908928
MLSⓇ ID
October 14, 2023
Listed
September 13, 2024
Updated
Map
6475 Washington Street
Gurnee IL, 60031
Interior Features
Total Stories
1
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Central Individual
Heating
No
Exterior/Building Features
Lot Size
3.75 Acres
Other Property Details
Area Name
Gurnee
Taxes
$57,689
Tax Frequency
Annually
Days on Market
310
Garage
No
View
No
County
Lake
Municipality
Warren
Pool
No
Zoning
OFFIC
Courtesy of Coldwell Banker Commercial NRT, Paul Proano,
Listing Contact: 312-860-4043
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Dana Bulliner are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 9/13/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 10:59 AM UTC, 9/13/2024
