Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $3,415,000
    Office buildings

    222 Greenleaf St, Gurnee, IL 60031-5705

    23,592 SF 2.3 ac lot Built 1996
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US28-0819610
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, situated at 222 S Greenleaf St, Gurnee, IL 60031, offers 23,000 square feet of space in a single-story building constructed in 1997 and extensively renovated in 2023. The property sits on 3 acres of land and is zoned for medical/office use. Five suites are currently available, ranging from 1,200 to 9,050 square feet, with a minimum divisible space of 1,200 square feet. Currently, 10,000 square feet is vacant. The building features dedicated entryways for tenants, tenant-controlled HVAC systems, prominent pylon and building signage, and ample parking. Its convenient location offers easy access to major transportation arteries, including US Hwy 41 (Skokie Hwy) just two blocks away and I-94 (Tri-State Tollway) 1.5 miles east. Public transportation is readily available via Pace Bus Route #572, providing convenient access to the Waukegan Metra Station. Annual property taxes are $4.54 per square foot. The building does not have elevators. This property presents a unique opportunity for medical professionals seeking high-quality, well-located office space in a thriving community. The building offers market-leading rental rates and build-out options.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1996
    Construction FRAME
    Total area 23,592 SF
    Lot 2.3 ac (100,188 SF)
    APN 07-24-308-010
    UPID US28-0819610
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Vibhakar Shah Physician
    • Erik Nelson MD Medical Clinic Physician
    • Julie Banning Physician
    • Susan Hansel Physician
    • CHERYL DENISE HAYDEN Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.42M
    Owner & transaction history
    Chct Illinois LLC · 7 yrs held
    Chct Illinois LLC
    since 2019
    5 recorded transactions
    2019
    $3.8M
    2018
    2000
    $3.4M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 222 Greenleaf St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message