Introducing the Hunt Club Professional Building, now available for sale in Gurnee, IL. This premier property features a six-unit, 15,088 rentable square foot office building, currently 77% occupied by four stable tenants. The average lease term exceeds 7 years, with all tenants on triple net leases, minimizing landlord responsibilities and ensuring steady cash flow with annual rent increases that act as a hedge against inflation. For added potential, the property includes two vacant suites, offering immediate upside through lease-up and stabilization. Additionally, there is an opportunity to develop an adjacent 20,137 square feet (.46 acres) of vacant buildable commercial land, conveniently located behind the parking lot. This land could accommodate another office property or potentially be rezoned for residential use, expanding the property's value and flexibility. Don't miss out on this exceptional investment opportunity in a prime location with strong tenant stability and future development potential.

Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Commercial NRT paul@paulproanoproperties.com;paul@paulproanoproperties.com



Based on information submitted to the MLS GRID as of 2024-09-20 09:30 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-09-20 09:30 AM UTC
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