39,646 Square Foot Retail Space For Sale @ 6121 Washington St

6121 Washington St, Gurnee, IL 60031


A mixed-use neighborhood center offering banking, medical, dental, and retail services with offices available on the second floor. Excellent window lines. Long term tenants include Country Meadows Montessori School and First Merit Bank. There is ample parking with 120 spaces and the city has approved expanding parking to 150 spaces. Owner has resurfaced the parking lot, installed new gutters and drain spouts, painted and upgraded tile, carpets, and lights. Property also has 40 solar panels which pay for most of the common area electric; and an automobile electric charging stations in the rear of the center. The Country Meadows Montessori School has 178 children, a student:teacher ratio of 6:1 and has features that include an in-door gym and an large, three-section outside playground which is a rare find. Parents enjoy a drive-up to School doors as well.

Sales Info:
■ Cap rate: 9.13%
■ Commision split: 3.0%
■ NOI: $400,639

Location Description:
High traffic corner location in affluent Gurnee, Illinois. Property enjoys strong demographics and solid traffic count (22,000 cars per day on Washington St.) Located next to South Ridge single family home neighborhood. There is easy access to major arterial roads including Washington Street, Route 45, Grand Avenue (Rt. 134) and Milwaukee Avenue (Rt. 21). A four-way cloverleaf interchange to the Tri-State Tollway (I-294) is less than two minutes away.

Highlights:
■ Mixed Use Offering Medical, Dental, and Office.
■ Strong Tenants: Bank and Montessori School
■ Near I-94, Gurnee Mills, and High Traffic Counts
■ Conveniently Located to South Ridge Neighborhood

Pricing: $4,390,000

Availability: Now

Listing ID: 386553


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Sale Price: $4,390,000

Size: 39,646 square feet

Type: Retail Space

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