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34498 N Old Walnut Cir
Gurnee, IL 60031
Retail Property For Sale
EXECUTIVE SUMMARY
Strategic Investment Opportunity in Gurnee, IL Located in unincorporated Gurnee-an area known for its favorable tax rates - this property presents a compelling investment opportunity. Flexible zoning accommodates both retail and office tenants, allowing for seamless adaptation to shifting market demands. Recently constructed and in excellent condition, making it an ideal low-maintenance asset with strong potential returns. Building was designed to have 6 units. Current configuration is 3 units. Unit A has a lower basement totaling 2500 square feet.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
B
Year Built
2004
Price
$1,025,000
Price Per SF
$170.83
Cap Rate
8.25%
NOI
$84,521
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.86 AC
Zoning
Unincorporated Lake Count - Unincorporated Lake County
Parking
20 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
190’ on Washington St.
PROPERTY TAXES
| Parcel Number | 07-19-401-422 | Improvements Assessment | $222,974 |
| Land Assessment | $84,355 | Total Assessment | $307,329 |
PROPERTY TAXES
Parcel Number
07-19-401-422
Land Assessment
$84,355
Improvements Assessment
$222,974
Total Assessment
$307,329
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