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    6091 Washington St Gurnee, IL 60031

    Sponsored
    For Sale
    $599,999

    Prime Commercial Land, High Visibility, 6.44 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.44-acre commercial land parcel in Gurnee, Illinois, presents a remarkable investment opportunity. Located at 6091 Washington Street, this fee-simple property boasts a highly desirable C-2 commercial zoning designation, allowing for a wide range of development possibilities. The property features over 175 feet of frontage on Washington Street, a hard corner with a signalized intersection ensuring high visibility and accessibility. The lot is subdivided into approximately one-acre parcels, ideal for single or multi-tenant development. This outlot is part of an established commercial development with existing medical and commercial tenants in two adjacent buildings. The rear portion of the property may offer potential for apartment development, subject to city approval. The site's configuration readily accommodates drive-thru facilities, adding to its versatility. The property's APN is 07214010100000, and its location in Lake County, Illinois, zip code 60031, provides easy access to major transportation routes and a thriving local market. The asking price for this strategically located commercial land is $599,999. This is a rare opportunity to acquire a significant commercial property in a prime location with excellent development potential.

    Property Features for 6091 Washington St

    General Information

    Property type
    Land
    Lot Size
    280,526 SF

    HighLights

    • $599,999 asking price.
    • 6.44‑acre commercial land parcel.
    • C‑2 Commercial zoning.
    • Located at 6091 Washington St, Gurnee, IL 60031 (APN 07214010100000).
    • Fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.9534284
    Latitude
    42.3635158

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility, 6.44 Acres
    Where is this land located?
    The property is located at 6091 Washington St Gurnee, IL.
    What is the asking price?
    The asking price for this property is $599,999.
    What are key features of this property?
    This property features: $599,999 asking price.; 6.44-acre commercial land parcel.; C-2 Commercial zoning.
    Request Owner's contact information
    6091 Washington St Gurnee, IL 60031
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    Gurnee, IL 60031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6091 Washington St Gurnee, IL 60031
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