6475 Washington Street Gurnee, IL ^$ 3,150,000

6475 Washington Street

^$ 3,150,000

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6475 Washington Street

Gurnee, IL, 60031

^$ 3,150,000

Studio Baths0.0 Sq 15,250

Monthly Estimate*

^$ 20,936

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Studio

Commercial Property for sale in Gurnee, IL

for $3,150,000. This 15,250 square foot building was built in 2000 on a lot size of 3.75.

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.

Commercial Active

Price

^$ 3,150,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 57,689

Style

Commercial

Lot Size

3.75

Year Built

2000

Town/City

Gurnee

County/Region

Lake

MLS | Web ID

11908928

Features

General

Cooling Central Air Central Individual

Utilities Electric to Site Gas to Site Water to Site

Zoning OFFIC

Year Built 2000

Electric Service - 101 to 200 Amps

Tenant Pays Common Area Maintenance Electricity Heat Taxes Insurance Tax Stops

Stories 1

Township Warren

Tax Year 2022

Current Use Commercial

Gross Income 99999999

County Lake

Net Operating Income 9999999

Operating Expense 9999099

Property Type Commercial Sale Office/Tech

Status Active

Directions Near corner Hunt Club & Washington Street.

City Gurnee

NumberOfUnitsTotal 6

MLS Area Gurnee

Lot Size Square Feet 163350

Street Name Washington

Tax Annual Amount 57689

Additional Parcels Y/N Y

Leasable Area 2112

Days on Market 9

Lease Type Net

Standard Status Active

Interior

Flooring Carpet

Street Suffix Street

Exterior

Building Area Total 15250

Lot Dimensions 280X668

Lot Size Acres 3.75

Exterior Brick

* Excluded Features

List By

Coldwell Banker Commercial Nrt

Broker

pproano@cbcnrt.com; paul@paulproanoproperties.com

Affordability Calculator

$25,743

Per Month

Monthly Principal & Interest: $20,936
Monthly Property Taxes: $4,807
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Gurnee, IL

Average List Price ^$1,685,507

Percent of Sale Price 46%

About Gurnee, IL

30,815 Population

10% Since 2002

^$83,878 Median Income

39.81 Median Age

36% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/14/2023	$3,150,000		Listed Price

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6475 Washington Street, Gurnee, IL, 60031 is a Commercial Property for sale at $3,150,000 with 15,250 sqft and a lot size of 3.75. 6475 Washington Street is a studio with 0.0 baths and was built in 2000. The property's zip code is 60031 which is in Gurnee, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 6/9/2024.

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6475 Washington Street

Commercial Property for sale in Gurnee, IL

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