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$3,150,000
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6475 Washington Street Gurnee, IL 60031
Office
Residence
Beds
Baths
...
Bed/Bath
15,250
Sq. Ft.
Property Activity
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days
Days on Market
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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.
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MLS#
11908928
Property Type
Office
Year Built
2000
Square Feet
15,250
sq. ft
Lot Size
3.75
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