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Property profile & analytics
OFF-MARKET
Warehouses

1379 St Paul Ave Gurnee, IL 60031

6,976 SF Built 1987
Property ID
Property summary
AI-generated overview

This exceptional 6,976 square foot multi-tenant building, located at 1379-1391 St. Paul Avenue in Gurnee, Illinois, presents a compelling investment opportunity. Situated within the established Gurnee Industrial Business Park, this well-maintained free-standing structure boasts a desirable blend of office and warehouse space, perfectly suited for a variety of businesses. Built in 1987, the property sits on a 19,166 square foot lot and features 18 parking spaces for convenient access. The building is zoned I-2 Industrial, offering flexibility for diverse operational needs. Inside, the warehouse space benefits from a 9-foot ceiling height, recessed loading dock for Unit B, and overhead doors for each unit, ensuring efficient loading and unloading. Adding to its functionality, a backup generator on the roof provides peace of mind and operational continuity. This property offers a rare combination of location, functionality, and potential, making it an ideal acquisition for investors seeking a strong return on investment in a thriving industrial area. The APN is 07-14-202-022 and the zip code is 60031. This property is available for sale at $555,680.

Property profile
Verified
Property type Warehouses
Year built 1987
Total area 6,976 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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