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Property profile & analytics
OFF-MARKET
Office Spaces

731 Il-21 Gurnee, IL 60031

1,432 SF 5 ac lot Built 2007
Property ID
Property summary
AI-generated overview

This 1,432-square-foot medical office condo, located at 731 S IL Route 21 Suite 145, Gurnee, IL, is available for sale or lease. Recently renovated in 2022, the property boasts new flooring, fresh paint, and an updated ADA-compliant restroom. The open floor plan is adaptable to various layouts, and includes a second restroom and a storage closet with a mop sink. Situated on a 5-acre lot, this single-story, Class B building offers abundant parking (50+ spaces), individual suite entrances, and prominent signage. Enjoy individually controlled HVAC and Class A construction throughout. The property benefits from excellent access to I-94, proximity to Gurnee Mills retail, and low Lake County taxes ($4.90 per square foot). The zoning is GC, and the APN is 07-27-300-063. Building amenities include a park-like campus setting and convenient access to Route 120 and Milwaukee Avenue. The ceiling height is 10 feet, and the property features 220-volt power. This is an exceptional opportunity for medical professionals seeking a well-appointed and conveniently located office space in the North Suburban Chicago submarket (Gurnee cluster).

Property profile
Verified
Property type Office Spaces
Year built 2007
Total area 1,432 SF
Lot 5 ac (217,800 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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