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Hunt Club Professional Office Building 6475 Washington St

15,088 SF 86% Leased Office Building Gurnee, IL 60031 $3,150,000 ($209/SF) 6.58% Cap Rate

Investment Highlights

  • Roof Installed 2020
  • Building Built in 2000
  • Two Miles From Gurnee Mills Mall & Great America
  • Parking Lot Paved and Striped 2023
  • Close Proximity to I-94
  • New Common Area HVAC Unit Installed 2023

Executive Summary

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.
The property is ideally located at the southeast corner of S. Hunt Club Rd. and Washington St. in Gurnee, Illinois. The area boasts a population of approximately 37,202 people within a five-mile radius, with an average household income of around $112,633 per year. This prime location is just two miles from popular destinations such as Gurnee Mills Mall and Six Flags Great America, making it highly attractive to both businesses and consumers. Additionally, nearby amenities like Walmart, Sam’s Club, and Mariano’s Grocery Store further enhance the property’s appeal for tenants.
Gurnee is known for its strong economic standing within the Chicago metropolitan area. The village has evolved into a balanced community, with about 60% of the land zoned residential, 20% commercial, and the remainder for industrial and open space. Its excellent transport links, including I-94 and multiple state routes, make it easily accessible. The local unemployment rate stands at 6.2%, below state and national averages, reflecting a stable economic environment. This property offers investors a net-leased office building in a thriving market with minimal landlord responsibilities.
Sources: Census Reporter, World Population Review, and ZIP Code Data.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
15,088 SF
Building Class
B
Year Built
2000
Price
$3,150,000
Price Per SF
$209
Cap Rate
6.58%
NOI
$207,172
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,088 SF
Building FAR
0.20
Land Acres
1.74 AC
Zoning
C-2
Parking
60 Spaces (4.64 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 2,112 SF
  • Office
  • Full Build-Out
  • Now

Unit 100 offers 2,312 sq. ft. of fully renovated office space designed for both functionality and style. Recent updates include neutral-tone painted walls, new ceiling tiles, and durable vinyl flooring. The unit features four private offices, a reception area with a built-in counter, and is fully ADA-compliant with separate men’s and women’s restrooms. Safety features include a wet sprinkler system and updated fire extinguishers. Energy-efficient LED lighting provides bright, cost-effective illumination throughout the space. Additionally, the unit includes three installed sinks with cabinetry. The property also features backlit signage for excellent visibility and a professional exterior presence. Landlord is responsible for Water and Garbage. Tenant responsible for all other utilities and CAM. Landlord will assist with buildout costs.

Space Size Space Use Condition Available
1st Fl-Ste 100 2,112 SF Office Full Build-Out Now

1st Fl-Ste 100

Size
2,112 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 100

Size 2,112 SF
Space Use Office
Condition Full Build-Out
Available Now

Unit 100 offers 2,312 sq. ft. of fully renovated office space designed for both functionality and style. Recent updates include neutral-tone painted walls, new ceiling tiles, and durable vinyl flooring. The unit features four private offices, a reception area with a built-in counter, and is fully ADA-compliant with separate men’s and women’s restrooms. Safety features include a wet sprinkler system and updated fire extinguishers. Energy-efficient LED lighting provides bright, cost-effective illumination throughout the space. Additionally, the unit includes three installed sinks with cabinetry. The property also features backlit signage for excellent visibility and a professional exterior presence. Landlord is responsible for Water and Garbage. Tenant responsible for all other utilities and CAM. Landlord will assist with buildout costs.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-21-301-067
Land Assessment
$244,721 (2023)
Improvements Assessment
$359,455 (2023)
Total Assessment
$604,176 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 29783909

  • Date on Market: 10/13/2023

  • Last Updated:

  • Address: 6475 Washington St, Gurnee, IL 60031

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