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6475 Washington Street,  Gurnee IL, 60031

(Active)
$3,150,000
|
|
MLS# 11908928
Last Updated: 5/19/2024 6:23 AM
Description for 6475 Washington Street Gurnee, IL 60031
Now offering for sale the Hunt Club Professional Building in Gurnee, IL. The subject property is a six-unit 15,088 rentable square foot office building that is currently 77% percent occupied by four tenants. The weighted average lease term of the four tenants is over 7 years. All tenants are operating on triple net leases providing for minimal landlord responsibilities and include annual rent increases as a hedge against inflationary pressures. The two additional vacant suites will give a new potential owner immediate upside through stabilization. Also offered is the additional 20,137 SF or .46 of an acre of vacant buildable commercial land that site behind the parking lot that can be developed into another office property or even rezoned to residential.
Price
$3,150,000
Lake
11908928
Active
Description
Now offering for sale the Hunt Club Professional Building in Gurnee, IL. The subject property is a six-unit 15,088 rentable square foot office building that is currently 77% percent occupied by four tenants. The weighted average lease term of the four tenants is over 7 years. All tenants are operating on triple net leases providing for minimal landlord responsibilities and include annual rent increases as a hedge against inflationary pressures. The two additional vacant suites will give a new potential owner immediate upside through stabilization. Also offered is the additional 20,137 SF or .46 of an acre of vacant buildable commercial land that site behind the parking lot that can be developed into another office property or even rezoned to residential.
Listing Information
Property Type: Business Opportunities, Other
3.75 Acres 2000 Brick
Warren//
6 Total
Commercial
Neighborhood
Room Information
Interior Features
Carpet
Central Air
Exterior / Lot Features
69 Parking Spaces,
Brick
280X668
OFFIC
Driving Directions
Near corner Hunt Club & Washington Street.
Financial Considerations
07213010670000
$57,689
Listing Price History

Gurnee Real Estate

Gurnee is located in Illinois. Gurnee, Illinois 60031 has a population of 30,825.

The median household income in Gurnee, Illinois 60031 is $99,175. The median household income for the surrounding county is $91,525 compared to the national median of $66,222. The median age of people living in Gurnee 60031 is 39 years.

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Courtesy: Coldwell Banker Commercial NRT
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/19/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

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This content last refreshed on 5/19/2024 6:23 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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