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30065081
30065082

3535 Washington St, Gurnee, IL 60031 For Sale

AZ
IL 475.212.760
TS
IL IL 177869
Marcus & Millichap - Chicago Downtown
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Chicago Downtown, Marcus & Millichap - Dallas
$8,000,000
136 days on market
Updated 37 days ago

Lake County IOS | Owner-User or Value-Add

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 42,245
Net Rentable (SqFt) 42,245
Units 4
Tenancy Vacant
Pro-Forma Cap Rate 8.66%
Pro-Forma NOI $692,520
Price per SqFt $189
Class B
Year Built 1995
Buildings 1
Acreage 15.180
Zoning I-2
Ceiling Height 18'
Loading Docks 9
Dock High Doors 4

Industrial | 42,245 SqFt

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3535 Washington Street in Gurnee, Illinois. The subject property consists of approximately 42,245 square feet of space and is situated on 15.18 acres of land (including 13.12 usable acres). Zoned I-2 for general industrial use, the four-building asset features masonry and metal construction, an 17-21’ clear height, four dock-high doors, nine oversized grade-level doors 18’ in width (including four set in a truck well), two regular sized grade-level doors, a full wet sprinkler system inside the main building, and heavy power with 800 amps. Equipped with 4.5 acres of cleared land, the property boasts a 6.4 percent building coverage ratio, making the facility ideal for distribution and logistics, or use as a truck terminal. With proximity to Interstate 94 (2.8 miles away), U.S. Route 41 (0.5 miles away), and the Waukegan National Airport (5.6 miles away), the property offers premier accessibility. For sale as vacant, the property can be acquired for a variety of owner uses or as a lease-up and development opportunity.

Listing Contacts

AZ
IL 475.212.760
TS
IL IL 177869
Marcus & Millichap - Chicago Downtown
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Chicago Downtown, Marcus & Millichap - Dallas

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
Name
Alexander Zlotnik
License
475.212.760
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
333 West Wacker Drive
Name
Tyler Sharp
License
IL 177869
Brokerage Address
333 West Wacker Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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