6475 Washington Street, Gurnee, IL 60031

  • $3,150,000
  • $3,150,000
6475 Washington Street, Gurnee, IL 60031
For Sale
6475 Washington Street, Gurnee, IL 60031
  • $3,150,000
  • $3,150,000

Overview

Property ID: 22493963
  • Commercial Sale
  • Property Type
  • 2000
  • Year Built

Description

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.

  • Address 6475 Washington Street
  • City Gurnee
  • State/county IL
  • Zip/Postal Code 60031
  • Country United States

Details

Updated on August 26, 2024 at 3:30 am
  • Property ID: 22493963
  • Price: $3,150,000
  • Land Area: 3.75 Acres
  • Year Built: 2000
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 15250
  • MLS#: MRD11908928
  • Office Name: COLDWELL BANKER COMMERCIAL NRT
  • Agent Name: Paul Proano
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD37951
  • List Agent MLSID: MRD371192
  • List Date: 2023-10-14T18:53:16.000Z
  • Cooling: Central Air,Central Individual
  • Tax Annual: 57689
  • Tax Year: 2022
  • Flooring: Carpet
  • County: Lake
  • Property SubType: Medical,Office

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