34491 Old Walnut CirGurnee, IL 60031

  • Retail properties
  • 10,118 SF
For Sale
$1,825,000 View listing

Property Details for 34491 Old Walnut Cir

Year built
1998
Construction
FRAME
Lot size
1.40 AC
Property size (Sq ft)
10,118 SF
Property type
Retail properties
Property subtype
Retail space
APN
07-19-401-280
APU
719401280

Description

This exceptional 10,000 square foot commercial property is ideally situated within the bustling Delaware Commons neighborhood center in Gurnee, Illinois. Boasting a prime location with over 23,000 vehicles passing daily, this property ensures maximum visibility and accessibility for your business. Its strategic placement allows for significant exposure to a large potential customer base. The property's proximity to the Warren Township School District provides additional opportunities to connect with the local community. The versatile 10,000 square foot space offers flexibility for various business needs, allowing customization to create the perfect environment. This property presents a unique chance to establish or expand your business within a thriving commercial hub, surrounded by other successful enterprises, fostering a collaborative and supportive atmosphere. The property is ready for immediate occupancy and offers significant potential for growth and success. This is an exceptional opportunity to secure a prominent location in a high-traffic area, providing a strong foundation for your business endeavors. Don't miss this chance to become part of the vibrant Delaware Commons community.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,685,580
    6.5%
    $2,478,997
    7%
    $2,301,926
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,588,573
    Geo Method
    $3,321,031
  • Alternative Use

    Use
    Valuation
    Residential
    $2,091,126
    Hospitality
    $1,915,461
    Educational
    $1,593,641
    Medical
    $1,648,448
    Retail
    $2,478,997
34491 Old Walnut Cir, Gurnee, Illinois

Location Insight

City
Gurnee
County
Lake
State
Illinois
Latitude
42.3636
Longitude
-87.9852
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$52,331
$157,306
$385,600
$542,906
-
$471,965
$1,156,916
$1,628,881

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at support@realmo.com and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.