4343 Old Grand Ave - Medical FOR SALE


Gurnee, IL 60031
$2,960,000 USD
4343 Old Grand Ave, Gurnee, IL for Sale
$2,960,000 USD
Medical - FOR SALE
1/19
null | Request Cap Rate

4343 Old Grand Ave
Gurnee, IL 60031


HIGHLIGHTS

  • All common areas including bathrooms have been completely remodeled
  • Brand new roof and parking lot with huge signage visible to Grand Avenue (Route 132)
  • Quick access to Route 41 and I-94 via Grand Avenue, in close proximity to shopping, dining and entertainment
  • Healthy mix of medical and non-medical tenants with a flexible C-4 zoning
  • Great owner/occupant opportunity! Stop paying rent and start building equity!
  • Investors can lease out the vacant space for increased ROI, Call today for a showing!

OVERVIEW

Building Description The Viking Professional Center (4343 Old Grand Avenue) is a two story, multi-tenant office/professional center now offered for sale. The subject property has space available for an owner occupant as well as potential for an investor. Current ownership has remodeled all common areas including the common bathrooms, from floor to ceiling, updated landscaping, fully replaced the parking lot and added a new roof in 2024. This +/- 20,672 sf. building sits on +/- 2.9 acres allowing for an expansion of the current structure or perhaps adding an additional structure to the property. The current structure is two stories with common staircases and elevator and a total of 19 units, currently it is +/- 75% occupied. +/- 5,000 Rentable sf. is currently available for a buyer to occupy with their business, more space could be made available, call for details. Location Description The Viking Professional Center (4343 Old Grand Avenue) is located in up and coming Gurnee, IL on the south side of Old Grand Avenue east of O’plaine Road and west of 1st Street. The subject building is approximately 1 mile west of Route 41 and 2 miles east of I-94 via Grand Avenue (Route 132). Gurnee, IL is located in Lake County, IL and considered a suburb of Chicago, IL located midway between Chicago, IL and Milwaukee, WI. Gurnee, IL is well known for being home to Great America, Great Wolf Lodge and Gurnee Mills shopping center.

FOR SALE DETAILS

PRICE

$2,960,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Viking Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

112

LAND DETAILS

LAND ACRES

2.9 AC

LAND SF

126,324 SF

ZONING

C-4

APN/PARCEL ID

07-23-200-081

ASK ABOUT THIS PROPERTY

Mike MarlingMarling Management, Inc.More Info

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Mike MarlingMarling Management, Inc.More Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.