Gurnee, IL 60031 34498 N Old Walnut Circle
$1,025,000
25 more
Presented By: Real Broker, LLC
SQFT • 6,000
Home Details
Strategic Investment Opportunity in Gurnee, IL. Located in unincorporated Gurnee-an area known for its favorable tax rates - this property presents a compelling investment opportunity. Flexible zoning accommodates both retail and office tenants, allowing for seamless adaptation to shifting market demands. Recently constructed and in excellent condition, making it an ideal low-maintenance asset with strong potential returns. Building was designed to have 6 units. Current configuration is 3 units. Unit A has a lower basement. Now Leasing: Take advantage of our last available unit-1,500 SF. Don't miss this opportunity to secure space in a thriving, versatile commercial location. 2500 Sqft Basement.
Presented By: Real Broker, LLC
General for 34498 N Old Walnut Circle
Additional Parcels Y/NNo
Cap Rate8.25
CityGurnee
CoolingCentral Air, Central Individual
CountyLake
Current UseCommercial, Office
DirectionsThis property is located on the South Corner of Washington St. and North Old Walnut Circle in Gurnee IL
ElectricService - 101 to 200 Amps
Gross Income87694
Leasable Area6000
Lease TypeNet
Lot Size Square Feet37601
MLS AreaGurnee
ModificationTimestamp2025-09-10T14:55:01.642Z
Net Operating Income84521
Number Of Units Total3
Operating Expense48195
Property SubtypeNeighborhood Storefront
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount28956.4
Tax Year2024
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Sewer
TownshipWarren
Year Built2004
ZoningRTAIL
Exterior for 34498 N Old Walnut Circle
Building Area Total6000
Foundation DetailsConcrete Perimeter
Lot Dimensions235 X 160
Additional Details
Price History
