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Business opportunity for sale in Old Mill Creek
USD 3,150,000
Business opportunity (For sale)
15,250 sqft
lot 163,350 sqft
Reference:
EDEN-T92554232
/ 92554232
The Hunt Club Professional Building in Gurnee, IL, offers a prime investment opportunity in a high-demand location. Built in 2000, this six-unit, 15,088-square-foot office building is in close proximity to I-94 and just two miles from major attractions such as Gurnee Mills Mall and Great America, ensuring strong tenant demand. The property benefits from a solid tenant base, providing reliable cash flow, with most tenants under triple net (NNN) agreements, minimizing landlord responsibilities while annual rent increases offer protection against inflation.Recent property upgrades further enhance its appeal, including a new roof installed in 2020, updated signage in 2021, and a new common area HVAC unit, ensuring modern, efficient building operations. The parking lot was repaved and striped in 2023, providing a fresh and professional look. Additionally, the property includes 20,137 square feet (0.46 acres) of vacant buildable land, offering investors a unique opportunity for future office expansion or potential rezoning for residential use. This combination of location, stability, recent improvements, and development potential makes the Hunt Club Professional Building a standout investment in the Gurnee market.
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The Hunt Club Professional Building in Gurnee, IL, offers a prime investment opportunity in a high-demand location. Built in 2000, this six-unit, 15,088-square-foot office building is in close proximity to I-94 and just two miles from major attractions such as Gurnee Mills Mall and Great America, ensuring strong tenant demand. The property benefits from a solid tenant base, providing reliable cash flow, with most tenants under triple net (NNN) agreements, minimizing landlord responsibilities while annual rent increases offer protection against inflation.Recent property upgrades further enhance its appeal, including a new roof installed in 2020, updated signage in 2021, and a new common area HVAC unit, ensuring modern, efficient building operations. The parking lot was repaved and striped in 2023, providing a fresh and professional look. Additionally, the property includes 20,137 square feet (0.46 acres) of vacant buildable land, offering investors a unique opportunity for future office expansion or potential rezoning for residential use. This combination of location, stability, recent improvements, and development potential makes the Hunt Club Professional Building a standout investment in the Gurnee market.
Hunt Club Professional Building i Gurnee, IL, erbjuder en utmärkt investeringsmöjlighet på ett läge med hög efterfrågan. Denna kontorsbyggnad med sex enheter och 15 088 kvadratmeter byggdes år 2000 och ligger i närheten av I-94 och bara två miles från stora attraktioner som Gurnee Mills Mall och Great America, vilket säkerställer en stark efterfrågan från hyresgästerna. Fastigheten drar nytta av en solid hyresgästbas, vilket ger ett tillförlitligt kassaflöde, med de flesta hyresgäster under triple net (NNN) avtal, vilket minimerar hyresvärdens ansvar medan årliga hyreshöjningar erbjuder skydd mot inflation.De senaste fastighetsuppgraderingarna förbättrar dess attraktionskraft ytterligare, inklusive ett nytt tak som installerades 2020, uppdaterad skyltning 2021 och en ny HVAC-enhet i gemensamma utrymmen, vilket säkerställer en modern och effektiv fastighetsdrift. Parkeringen asfalterades och rannades 2023, vilket ger ett fräscht och professionellt utseende. Dessutom inkluderar fastigheten 20 137 kvadratmeter (0,46 tunnland) ledig byggbar mark, vilket erbjuder investerare en unik möjlighet för framtida kontorsexpansion eller potentiell omplanering för bostadsbruk. Denna kombination av läge, stabilitet, de senaste förbättringarna och utvecklingspotentialen gör Hunt Club Professional Building till en enastående investering på Gurnee-marknaden.
Reference:
EDEN-T92554232
Country:
US
City:
Gurnee
Postal code:
60031
Category:
Commercial
Listing type:
For sale
Property type:
Business opportunity
Property size:
15,250 sqft
Lot size:
163,350 sqft
Floor:
1
Parkings:
1