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26438461
26438460

310 S Greenleaf St, Gurnee, IL 60031

AL
IL 475151968
eXp Commercial LLC
Listed by eXp Commercial LLC
$2,945,000
292 days on market
Updated 9 days ago

Multi-tenant Medical Office | Suburban Chicago

Details
Property Type Office
Sub Type Medical Office
Square Footage 22,936
Net Rentable (SqFt) 22,936
Cap Rate 8%
NOI $235,559
Occupancy 75%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $128
Class B
Year Built 1997
Buildings 1
Stories 1
Acreage 1.970

Diversified medical tenant mix - Strong Demographics

Marketing description

Price Improvement

We are pleased to present this 75% occupied 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.

Investment highlights

• Multi tenant medical office building

• Strong tenant mix and 75% occupied

• High traffic and High Population Density location:

•72,000 Population within a 3-mile radius

•Exposure to 10,000+ vehicles per day

•Proximity to major attractions:

•Six Flags Great America – 3 Miles

•Gurnee Mills Mall -189 Stores – 5 Miles

• 22,936 Rentable Square Feet on 1.97 Acres

• Well Maintained All Brick Construction

• Add value – vacant suite

•Offered at $2,945,000 | 8.00% Cap Rate

Listing Contacts

AL
IL 475151968
eXp Commercial LLC
Listed by eXp Commercial LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$235,559.00
$19,629.92/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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