Hunt Club Professional Building I Gurnee, IL

Highlights:

• Prime Location: Southeast corner of S. Hunt Club Rd. and Washington St.
• Strong Tenant Base: Six office units with reliable cash flow.
• NNN Leases: Majority of tenants under triple net agreements.
• Annual Rent Increases: Built-in inflation protection.
• Recent Upgrades: New roof (2020), signage (2021), HVAC unit.
• Fresh Appearance: Parking lot repaved and striped (2023).
• Development Potential: 20,137 sq. ft. of vacant buildable land.
• High Demand Area: Two miles from Gurnee Mills and Six Flags.
• Robust Demographics: 37,202 residents nearby, avg. income $112,633.
• Economic Stability: Unemployment rate at 6.2%, below state/national averages.

Description:

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.

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