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6021 Washington St 7,200 SF 81% Leased Office Building Gurnee, IL 60031 $1,295,000 ($179.86/SF)
Investment Highlights
- Newer construction (built in 2019)
- Excellent visibility and accessibility
- Located near national retailers, restaurants, and residential neighborhoods
- Prominent location along Washington St.
- Modern construction with attractive architectural design
- Easy access to I-94 and major Lake County thoroughfares
Executive Summary
Take advantage of this exceptional opportunity to acquire a modern, high-quality commercial building in one of Gurnee's most desirable business corridors. Constructed in 2019, this 7,200-square-foot office/retail building offers contemporary construction, excellent visibility, and a flexible layout suitable for a variety of retail, office, medical, or professional service users.
Positioned along Washington Street with convenient access to major transportation routes and surrounding retail amenities, the property provides an outstanding opportunity for an owner-user, investor, or business seeking a premier location in Lake County.
The property is approximately 75% occupied with one ±1,900 SF space available to be leased or occupied by an owner-user.
Positioned along Washington Street with convenient access to major transportation routes and surrounding retail amenities, the property provides an outstanding opportunity for an owner-user, investor, or business seeking a premier location in Lake County.
The property is approximately 75% occupied with one ±1,900 SF space available to be leased or occupied by an owner-user.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$129,750
|
$12.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$33,735
|
$3.37
|
| Effective Gross Income |
$96,015
|
$9.60
|
| Taxes |
$20,425
|
$2.04
|
| Operating Expenses |
$5,000
|
$0.50
|
| Total Expenses |
$25,425
|
$2.54
|
| Net Operating Income |
$70,590
|
$7.06
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $129,750 |
| Annual Per SF | $12.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $33,735 |
| Annual Per SF | $3.37 |
| Effective Gross Income | |
|---|---|
| Annual | $96,015 |
| Annual Per SF | $9.60 |
| Taxes | |
|---|---|
| Annual | $20,425 |
| Annual Per SF | $2.04 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.50 |
| Total Expenses | |
|---|---|
| Annual | $25,425 |
| Annual Per SF | $2.54 |
| Net Operating Income | |
|---|---|
| Annual | $70,590 |
| Annual Per SF | $7.06 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,200 SF
Building Class
B
Year Built
2018
Price
$1,295,000
Price Per SF
$179.86
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,200 SF
Slab To Slab
10’
Building FAR
0.72
Lot Size
0.23 AC
Zoning
C-2 PUD - Community Commercial District as a Planned Unit Development
Parking
30 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bushido Association
- Educational Services
- -
- -
- -
- -
- DAA Wellness Spa LLC
- -
- -
- -
- Modified Gross
- Oct 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bushido Association | Educational Services | - | - | - | - | |
| DAA Wellness Spa LLC | - | - | - | Modified Gross | Oct 2030 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 07-21-401-011 | Total Assessment | $227,456 |
| Land Assessment | $13,235 | Annual Taxes | $20,425 ($2.84/SF) |
| Improvements Assessment | $214,221 | Tax Year | 2025 |
Property Taxes
Parcel Number
07-21-401-011
Land Assessment
$13,235
Improvements Assessment
$214,221
Total Assessment
$227,456
Annual Taxes
$20,425 ($2.84/SF)
Tax Year
2025
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Contact the Sale Advisor
6021 Washington St