34498 N Old Walnut Circle Gurnee, IL $ 1,025,000
34498 N Old Walnut Circle
$ 1,025,000
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34498 N Old Walnut Circle

Gurnee, IL, 60031
$ 1,025,000
Bedrooms-- Baths-- Sq 6,000
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Property for Rent in Gurnee, IL

for $1,025,000. This 6,000 square foot property was built in 2004 on a lot size of 0.8632.

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.

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Rental Active

Price

$ 1,025,000

Taxes

$ 28,956

Style

Commercial,Office

Lot Size

0.8632

Year Built

2004

Town/City

Gurnee

County/Region

Lake

MLS | Web ID

12332647

Features
General
Cooling Central Air Central Individual
Zoning RTAIL
Year Built 2004
Electric Service - 101 to 200 Amps
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Taxes Insurance Sewer
Stories Count 1
Township Warren
Property Subtype Neighborhood Storefront
Tax Year 2024
Current Use Commercial Office
Gross Income 87694
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 84521
Operating Expense 48195
Property Type Commercial Sale Retail/Stores
Status Active
Directions This property is located on the South Corner of Washington St. and North Old Walnut Circle in Gurnee IL
City Gurnee
Number Of Units Total 3
MLS Area Gurnee
Lot Size Square Feet 37601
Tax Annual Amount 28956.4
Additional Parcels Y/N N
Leasable Area 6000
Lease Type Net
Standard Status Active
Cap Rate 8.25
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 6000
Lot Dimensions 235 X 160
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* Excluded Features
List By
Real Broker, Llc

Broker

rsatten@realcre.net

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/4/2025$1,025,000 -6.82% Price Down
4/28/2025$1,100,000 Listed Price

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34498 N Old Walnut Circle, Gurnee, IL, 60031 is a Property for Rent at $1,025,000 with 6,000 sqft and a lot size of 0.8632. 34498 N Old Walnut Circle was built in 2004. The property's zip code is 60031 which is in Gurnee, IL