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Multi Tenant Medical Office 310 S Greenleaf Ave 22,936 SF 75% Leased Office Building Gurnee, IL 60031 $4,152,744 CAD ($181.06 CAD/SF) 8% 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 and 75% Occupied - add value opportunity via lease-up
- Proximity to major attractions: Six Flags Great America, Gurnee Mills Mall
- Offered at $2,945,000 | 8.00% cap rate | $128/sf
Executive Summary
*Improved rent roll and revised pricing. 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. Offers encouraged.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,936 SF
Building Class
B
Year Built
1997
Price
$4,152,744 CAD
Price Per SF
$181.06 CAD
Cap Rate
8%
NOI
$332,162 CAD
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
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07-25-122-001 | Improvements Assessment | $1,344,535 CAD |
| Land Assessment | $240,170 CAD | Total Assessment | $1,584,704 CAD |
Property Taxes
Parcel Number
07-25-122-001
Land Assessment
$240,170 CAD
Improvements Assessment
$1,344,535 CAD
Total Assessment
$1,584,704 CAD
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Multi Tenant Medical Office | 310 S Greenleaf Ave
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