Brick Industrial Office
For Sale
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1680 N Delany Rd, Gurnee, IL 60031
All-brick office building with updated roof, HVAC, and 400-amp power, zoned I-2 general industrial.
Property Size5,547 SF
Price / SF$174.33
Days on Market342
Property Features for 1680 N Delany Rd
General Information
Standard status
Active
Size
5,547 SF
Property subtype
OFFICE
Zoning
I-2
Building Details
Construction
brick
Listing Agency:
Edgemark Commercial Real Estate Services, LLC
(630) 472-1010
Listed By:
Jeffrey J. Kowal
(630) 235-3319
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Oct 26
Last Checked: Oct 28 at 8:32AM
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 Edgemark Commercial Real Estate Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This all-brick office building offers durable exterior construction and practical building systems for day-to-day use. Updates include a modified white granulated roof completed in 2017 and a 15-ton Carrier HVAC system installed in 2021. The property is supported by 400 AMP, 240-volt power, and features a lighted monument sign on Delany Road.
The property is zoned I-2 General Industrial, supporting a broader industrial use framework than standard office zoning. A single-site configuration is indicated by the office building presentation and onsite improvements.
With its combination of industrial zoning and modernized core systems, the building is positioned to serve office needs within a general industrial context.
The property is zoned I-2 General Industrial, supporting a broader industrial use framework than standard office zoning. A single-site configuration is indicated by the office building presentation and onsite improvements.
With its combination of industrial zoning and modernized core systems, the building is positioned to serve office needs within a general industrial context.
Key Highlights
- All‑brick construction
- Roof: white granulated modified (new 2017)
- HVAC: 15 Ton Carrier (new 2021)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,484
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,680
$1.5M
Cap Rate 7%
$1,092,629
$1.1M
Cap Rate 9%
$849,822
$849.8K
Market Conditions
NOI Build-Up for 5,547 SF
Gross rent
$135.8K $24.48/SF
− Vacancy
−$33.8K −$6.10/SF
EGI
$102.0K $18.38/SF
− OpEx
−$25.5K −$4.60/SF
NOI
$76.5K $13.79/SF
Area
Lake County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,680
Cap Rate 7%
$1,092,629
Cap Rate 9%
$849,822
Alternative Uses
Best Use
Office B
$1.09M
$956.1K – $1.27M
NOI $76,484 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.23M
NOI $134,059 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
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Business Placement
Demographics for 60031, IL
37,650
Population
14,796
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
95%
High-School Grad
19.0 sq mi
ZIP Area
1,982
Density / Sq Mi
$114,008
Median Household Income
$56,770
Median Earnings
$1,601
Median Rent
$322,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - All-brick office building with updated roof, HVAC, and 400-amp power, zoned I-2 general industrial.
Where is this office building located?
The property is located at 1680 N Delany Rd Gurnee, IL.
What is the asking price?
The asking price for this property is $967,000.
What are key features of this property?
This property features: All‑brick construction; Roof: white granulated modified (new 2017); HVAC: 15 Ton Carrier (new 2021)
