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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
$1,392,073 CAD
Price Per SF
$232.01 CAD
Cap Rate
8.25%
NOI
$114,790 CAD
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 | $305,118 CAD |
| Land Assessment | $115,431 CAD | Total Assessment | $420,549 CAD |
Property Taxes
Parcel Number
07-19-401-422
Land Assessment
$115,431 CAD
Improvements Assessment
$305,118 CAD
Total Assessment
$420,549 CAD
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