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Property summary
This exceptional Class A medical office building in Gurnee, IL, offers 4,180 square feet on a 0.3-acre lot. Boasting a high-end, home-like design, it features a secure entrance, cameras, and a Concord elevator. The first floor includes a welcoming reception area, six office/treatment rooms, two ADA-compliant bathrooms, two utility rooms, and two storage rooms. The 2020-installed Respicaire Oxy 4 Plasma Air Scrubbers enhance air quality. Upstairs, find versatile open spaces with high ceilings, a large conference room, and a full kitchen with a wet bar. The building benefits from abundant natural light, high ceilings, and a flowing interior layout. Its prime location just south of Route 41 and Delany Road offers excellent visibility and access to major transportation routes between Chicago and Milwaukee, with high daily traffic volume on both roads. Ample parking accommodates 15 vehicles. Recent upgrades include a new 2023 roof and professional landscaping. The building's 200+ amp electrical system and pre-wired music system in first-floor offices add to its appeal. The property is zoned O-1, allowing for diverse commercial uses, including medical, professional, or even redevelopment into four separate units with individual utilities. This turnkey opportunity is perfect for owner-occupancy or investment.
Property profile
VerifiedCap rate & NOI
Current use
-
Physician
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Gurnee market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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