Property profile

5101 Washington St Gurnee, IL 60031

OFF-MARKET
Retail space
Property ID
US28-1882618
62,213 SF 4.01 ac lot Built 1989
Trust Owned 27-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Construction BRICK
Total area 62,213 SF
Lot 4.01 ac (174,676 SF)
APN 07-22-400-026
UPID US28-1882618

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Physician
  • Social Service Agency Charitable Organization
  • Dental Office
  • Financial Advisor

Location

5101 Washington St Gurnee, IL 60031-5916
Gurnee metro Census 861509 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.15M
Blend (final) Blend
$815k

Owner & transaction history

since 1999
5 recorded transactions
2011
Price N/A
1999
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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