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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

731 Il Rte 21 Ave Gurnee, IL 60031

1,432 SF Built 2007
Property ID
Property summary
AI-generated overview

This exceptional 1,432 square foot Class A office/medical condo is ideally situated at 731 S Il Route 21 Ave #145, Gurnee, IL 60031. Boasting a fully built-out open floor plan, this vacant unit is ready for immediate occupancy. Recently renovated in 2020, it features new flooring, fresh paint, and an updated ADA-compliant restroom, along with a mop sink storage closet. The flexible layout allows for easy customization with cubicles or a build-out to perfectly suit your business needs. This single-story building, constructed in 2007, offers convenient access to I-94, providing effortless north and south commutes. Its prime location is just minutes from Gurnee Mills retail, enhancing its appeal and accessibility. The property sits on a 1,432 square foot lot (25 x 60) and includes 30 parking spaces, ensuring ample parking for clients and staff. The property benefits from individually controlled HVAC, prominent signage, and a park-like campus setting with individual suite entrances. Low Lake County taxes further enhance the value proposition. The asking price is $275,000, with a 2023 tax amount of $6,173.58. The property features vinyl flooring and is zoned for office use (OFFIC). The MLS ID is 11231094. Lease options are available. This is a stabilized investment opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2007
Total area 1,432 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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