5101 Washington St Gurnee, IL 60031
- Retail space
- 62,213 SF
- 4.01 lot acres
Current Use by Public Records
- Peoples Home Equity / Mortgage Lender
- Beyond Rehab LLC / Occupational Therapist
- Lake County Pvt Guardian Administration / Social Services Organization
- Excellence In Dentistry / Cosmetic Dentist / Dentist
- ellio Wealth Advisors - Ameriprise Financial Services, LLC / Financial Planner / Investment Service
Property Details for 5101 Washington St
- Year built
- 1989
- Construction
- BRICK
- Lot size
- 4.01 lot acres
- Property size
- 62,213 SF
- Property type
- Retail space
- APN
- 07-22-400-026
- APU
- 722400026
Description
Saratoga Square, located at 5101 Washington St in Gurnee, IL 60031, offers a diverse range of office spaces within a well-established mixed-use development. This 80,000 square foot building provides multiple tenancy options, catering to businesses of various sizes and needs. The property boasts excellent visibility and accessibility, with prime exposure to Route 21 and Washington Street. The building's diverse tenant mix includes retail, restaurants, and mini office suites, creating a vibrant and thriving business community. On-site management ensures efficient operations and responsive tenant support. Ample parking is available for tenants and their clients. The property benefits from a strong history of long-term tenants, indicating a stable and desirable location for businesses seeking a well-established and reputable environment. Whether you require executive office space, medical office space, or traditional office space, Saratoga Square offers flexible options to accommodate your specific requirements. This Lake County property presents a unique opportunity to establish your business in a thriving and convenient location. The building's established reputation and strong tenant base make it an attractive investment for businesses seeking a stable and successful environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $815,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $890,000
- 6.5%
- $905,000
- 7%
- $915,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $900,000
- Geo Method
- $1,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $810,000
- Retail
- $1,035,000
- Mixed-Use
- $775,000
- Hospitality
- $1,025,000
- Educational
- $940,000
- Residential Income
- $1,000,000
- Energy
- $960,000
- Income-Based Land
- $1,025,000
- Food Service
- $930,000
Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.9285
- Latitude
- 42.3622
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
