4343 Old Grand AveGurnee, IL 60031

Property Details for 4343 Old Grand Ave

Year built

1979

Construction

BRICK

Lot size

2.90 AC

Property size (Sq ft)

20,672 SF

Property type

Office properties

Property subtype

Office buildings

APN

07-23-200-081

APU

723200081

Description

The Viking Square Professional Center, located at 4343 Old Grand Ave, Gurnee, IL 60031, offers exceptional office space in a highly desirable location. This two-story, 24,518 square foot building boasts a prime location on Old Grand Avenue, providing excellent visibility and convenient access to Route 132, Route 41, and Route 21. The property underwent a complete renovation in 2018, featuring updated interiors and landscaping to create a modern and impressive environment for tenants and their clients. The building includes 112 parking spaces and elevators for easy access to all floors. Multiple tenancy options are available, with spaces ranging from 391 to 2,616 square feet, and a minimum divisible space of 1,200 square feet. Built in 1978, this well-maintained property is ideal for a variety of businesses, including medical and traditional office uses. Its location in Gurnee, a thriving suburb of Chicago, offers proximity to major attractions like Six Flags Great America and Gurnee Mills, as well as numerous shopping and dining options. This presents a unique opportunity to establish a presence in a vibrant and accessible community. The property sits on 3.48 acres of land.

• CAP approach

  CAP return

  Valuation

  6%

  $3,732,575

  6.5%

  $3,445,454

  7%

  $3,199,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,098,687

  Geo Method

  $2,692,528

• Alternative Use

  Use

  Valuation

  Residential

  $4,272,362

  Hospitality

  $3,913,461

  Educational

  $3,255,954

  Medical

  $3,367,931

  Retail

  $5,064,817

Location Insight

City

Gurnee

County

Lake

State

Illinois

Latitude

42.3704

Longitude

-87.9114

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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