222 Greenleaf St, Gurnee, IL 60031-5705
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.
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Dr. Vibhakar Shah Physician
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Erik Nelson MD Medical Clinic Physician
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Julie Banning Physician
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Susan Hansel Physician
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CHERYL DENISE HAYDEN Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.