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Multi Tenant Medical Office 310 S Greenleaf Ave 22,936 SF 75% Leased Office Building Gurnee, IL 60031 $4,230,000 ($184.43/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi tenant medical office building
- High traffic and High Population Density location: 72,000 population within 3 miles, Exposure to 10,000+ VPD
- Well Maintained All Brick Construction
- Strong tenant mix
- Proximity to major attractions: Six Flags Great America, Gurnee Mills Mall
- Add value – 5700 SF vacant suite
EXECUTIVE SUMMARY
We are pleased to present this multi-tenant medical office building for your acquisition consideration. Located at 310 S. Greenleaf Avenue in Gurnee, IL, it comprises 22,936 rentable square feet on 1.97 acres and is leased to six established medical tenants. The building is strategically positioned between Washington Street and Route 120, just east of I-94 and west of Highway 41. Gurnee is a thriving Chicago suburb, approximately 40 miles north of downtown Chicago.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,936 SF
Building Class
B
Year Built
1997
Price
$4,230,000
Price Per SF
$184.43
Cap Rate
7.25%
NOI
$306,595
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
22,936 SF
Building FAR
0.27
Lot Size
1.97 AC
Zoning
Park City - Park City
Parking
104 Spaces (4.53 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 07-25-122-001 | Improvements Assessment | $908,185 |
| Land Assessment | $162,226 | Total Assessment | $1,070,411 |
PROPERTY TAXES
Parcel Number
07-25-122-001
Land Assessment
$162,226
Improvements Assessment
$908,185
Total Assessment
$1,070,411
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Multi Tenant Medical Office | 310 S Greenleaf Ave
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