6475 Washington StGurnee, IL 60031

Property Details for 6475 Washington St

Year built

2000

Construction

FRAME

Lot size

1.74 AC

Property size (Sq ft)

15,250 SF

Property type

Office properties

Property subtype

Office buildings

APN

07-21-301-067

APU

721301067

Description

This single-story, 15,088-square-foot Class B office building, constructed in 2000 and renovated in 2020, offers versatile spaces ideal for various business types. Located at 6475 Washington St, Gurnee, IL 60031 (at Washington St & Hunt Club Rd), the property features three suites, with 3,710 square feet currently vacant. Units are divisible to a minimum of 2,312 square feet, with a maximum contiguous space of 2,312 square feet. The building boasts a 10-foot ceiling height, 69 total parking spaces, and is situated on a 3.75-acre lot (APN: 07-21-301-067 & 07-21-301-068 & 07-21-301-069). The property is zoned C-2 and benefits from a convenient location near major retail destinations including Gurnee Mills Mall, Walmart, Sam's Club, Mariano's, and Six Flags Great America. Available units include fully renovated spaces featuring neutral-toned walls, new ceiling tiles, durable vinyl flooring, private offices, a reception area with a built-in counter, ADA-compliant restrooms, a wet sprinkler system, updated fire extinguishers, energy-efficient LED lighting, and three installed sinks with cabinetry. Backlit signage ensures excellent visibility. Water and garbage are included in the lease

• CAP approach

  CAP return

  Valuation

  6%

  $2,753,568

  6.5%

  $2,541,756

  7%

  $2,360,202

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,548,228

  Geo Method

  $1,986,312

• Alternative Use

  Use

  Valuation

  Residential

  $3,151,777

  Hospitality

  $2,887,011

  Educational

  $2,401,959

  Medical

  $2,484,566

  Retail

  $3,736,381

Location Insight

City

Gurnee

County

Lake

State

Illinois

Latitude

42.3634

Longitude

-87.9618

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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