6475 Washington St, Gurnee, IL

Office for Sale - $3,150,000 - 15,250 Sq. Ft. on 3 acres


Agent Info

Paul Proano
Coldwell Banker Realty

Property Info

CIMLS#1150020
Location
  6475 Washington St
  Gurnee IL 60031
UpdatedOctober 13th, 2023
TypeOffice
Price$3,150,000
Building15,250 Sq. Ft.
Land3 acres

Property Description

Paul Proano Properties has been exclusively chosen to market the well-known 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.


Financials



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