High-End Freestanding Office
1125 N Delany Road, Gurnee, IL 60031
Class A office building in Gurnee, Illinois for sale.
Type:Commercial/Industrial
Property size:
4,180 SFLot size:
0.30 AcresPrice / SF:
$238/SF- Added:
- Mar 12, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 6 at 1:29 am
Property Features for 1125 N Delany Road
General Information
- Standard status
- Active
- Size
- 4,180 SF
- Lot size
- 0.30 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2001
Listing agent Michael Levin License #475123263
Listing office @properties Commercial (312) 337-0200
Listing date Mar 12, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of @properties Commercial
HighLights
- High‑end, freestanding Class A office building in a desirable Gurnee business corridor.
- Versatile O1 Zoning allows for a variety of professional or medical uses, or redevelopment potential.
- Premium build quality with high‑end office build‑out, high security, and home‑like design.
- Excellent location with high traffic visibility and easy access to major highways (Route 41 and Delany Rd).
- Spacious 4,180 sq ft, two‑level layout with flexible configuration options, including potential for 4 separate units.
- Recent upgrades include a new roof (2023) and Respicaire Oxy 4 Plasma Air Scrubbers (2020).
Overview
This freestanding Class A professional office building is located in Gurnee, Illinois. The newer-construction commercial property features O1 Zoning, Restricted Office District, premium build quality, and a functional design. The two-level building has a total area of 4180 square feet and is situated on a 0.30-acre (13,068 square feet) land site. The first floor includes an open reception area and foyer, six offices or treatment rooms, two ADA-compliant bathrooms, a Concord elevator/lift, two utility rooms, and two storage rooms. The furnaces have Respicaire Oxy 4 Plasma Air Scrubbers, installed in 2020. The upper level features open rooms with high ceilings, a large conference room/special event area with north-facing windows, and a full kitchen with a wet bar/serving bar. Many offices have large windows, high ceilings, and a wide-open interior space. The building has excellent road access, located just south of the intersection of Route 41 and Delany Road, with traffic volumes of 30,500 vehicles per day on Route 41 and 5,100 vehicles per day on Delany Road. It offers easy access to the Gurnee Business District and the north/south highway corridor between Chicago and Milwaukee, WI. The building utilizes a 200+ amp electric system and has a large parking lot for 15 cars. The building is wired for music in all six of the first-floor offices, with individual controls for the level of sound. A new roof was installed in 2023. The property is fully landscaped. Ideal for professional or medical use, the property is suitable for a variety of commercial uses, including medspa, hospice care, medical center, surgical center, dental, podiatry, law firm, insurance, technology, financial trading, or accounting office. The building can be reverted to four equal-sized units with separate gas and electric accounts.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$672.7K
NOI $60,544 @ 9.00% cap · cautious / downside scenario
Moderate
$864.9K
NOI $60,544 @ 7.00% cap · market / base-case scenario
Aggressive
$1.21M
NOI $60,544 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.4k | $26.40 |
| − Vacancy | −$9.4k | −$2.26 |
| EGI | $100.9k | $24.14 |
| − OpEx | −$40.4k | −$9.66 |
| NOI | $60.5k | $14.48 |
4,180 SF · lease $26.40/SF/yr · vacancy 8.56% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$864.9K
$756.8K – $1.01M
NOI $60,544 @ 7.0% cap · market cap 6.07%
Second Best
Office B
$823.4K
$720.4K – $960.6K
NOI $57,635 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,021 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Ganfield Therapeutics
Physician
Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.9043
- Latitude
- 42.3764
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Class A office building in Gurnee, Illinois for sale.
Where is this office building located?
The property is located at 1125 N Delany Road Gurnee, IL.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: High‑end, freestanding Class A office building in a desirable Gurnee business corridor.; Versatile O1 Zoning allows for a variety of professional or medical uses, or redevelopment potential.; Premium build quality with high‑end office build‑out, high security, and home‑like design.
