1025 Tri State Pkwy Gurnee, IL 60031-5114
- Office buildings
- 42,970 SF
- 3.83 lot acres
Current Use by Public Records
- Tri-State Realty / Real Estate Agency
Property Details for 1025 Tri State Pkwy
- Year built
- 2001
- Construction
- BRICK
- Lot size
- 3.83 lot acres
- Property size
- 42,970 SF
- Property type
- Office buildings
- APN
- 07-16-401-067
- APU
- 716401067
Description
This exceptional 43,224-square-foot executive office building is located at 1025 Tri-State Parkway in Gurnee, Illinois (zip code 60031, APN 07-16-401-067), within the OIP District. Built in 2001, this single-story building offers a highly functional and versatile layout, perfect for a variety of business needs. The property boasts abundant natural light from large windows throughout, creating a bright and inviting workspace. Ample on-site parking is provided at a ratio of 6 spaces per 1,000 square feet, ensuring convenient access for employees and visitors. The building features a well-appointed kitchen and break room, a dedicated IT room, and generously sized bathrooms with showers and high-quality ceramic tile. Modern amenities include suspended ceilings, a fully sprinklered system with electronic fire monitoring, and efficient rooftop units (RTUs) with gas supply for heating and cooling. The robust electrical system includes 1200 amps of power and 480-volt electric service. This property's strategic location offers excellent visibility and proximity to major highways, shopping centers, and other amenities, making it an ideal location for businesses seeking a highly accessible and desirable address in Gurnee. The building's design allows for easy customization to meet the specific needs of various businesses and industries. This vacant building presents a unique opportunity to acquire a well-equipped and strategically located property in a thriving community, significantly below replacement cost.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,260,000
- 6.5%
- $1,195,000
- 7%
- $1,235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,165,000
- Geo Method
- $1,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,310,000
- Retail
- $1,275,000
- Mixed-Use
- $1,300,000
- Hospitality
- $1,205,000
- Educational
- $1,430,000
- Residential Income
- $1,205,000
- Energy
- $1,465,000
- Income-Based Land
- $1,170,000
- Food Service
- $1,100,000
Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.9477
- Latitude
- 42.3758
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
