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    Property profile & analytics
    OFF-MARKET Estimated value $4,430,000
    Retail space

    5101 Washington St, Gurnee, IL 60031-5916

    62,213 SF 4.01 ac lot Built 1989
    Trust Owned 27-yr Hold ~ Est. High Equity
    Property ID
    US28-1882618
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Peoples Home Equity Loan Service Bank
    • Beyond Rehab LLC Physician
    • Lake County Pvt Guardian Administration Social Service Agency Charitable Organization
    • Excellence In Dentistry Dental Office
    • ellio Wealth Advisors - Ameriprise Financial Services, LLC Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.15M
    Blend (final) Blend
    $4.43M
    Owner & transaction history
    Northside Community Bk Trustee · 27 yrs held
    Northside Community Bk Trustee
    since 1999
    5 recorded transactions
    2011
    1999
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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