Crown Corporate Center | 327,616 SF | 8 Buildings Individually Parceled | I-2 Zoning For Redevelopment

Description:

Ri marketplace Online Auction September 8th - 10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2625/crown-corporate-center-327-616-sf-8-buildings-individually-parceled-i-2-zoning-for-redevelopment?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=office_2625


Marcus & Millichap is pleased to present Crown Corporate Center, a 327,616 rentable square foot office campus in the high-demand northern suburbs of Chicago. Located in Gurnee, Illinois, the offering includes eight single-story office buildings across 27.5 acres at 1025-1425 Tri-State Parkway.

Built in 1999, the buildings feature modern layouts, 1,200 amps of power, and 480V electrical service, providing strong infrastructure for a wide range of potential uses. Currently about 20% occupied, the portfolio offers investors a blank slate. Those seeking to re-tenant can leverage the low acquisition basis to fund tenant improvements and leasing commissions, while others may pursue full-scale redevelopment. Investors have multiple paths to create value. These include adaptive reuse for retail, medical, or flex industrial; redevelopment into industrial or logistics uses, which remain in high demand throughout Lake County; re-tenanting the existing buildings to generate long-term cash flow; or repurposing the site for auto dealerships or retail concepts that benefit from high visibility and accessibility. Its favorable I-2, General Industrial District zoning, further enhances flexibility for adaptive reuse or redevelopment strategies.

Gurnee, a thriving suburb in Lake County, sits about 40 miles north of Chicago. Situated just off Interstate 94, the property provides excellent access to Chicago, Milwaukee, and O'Hare International Airport, and is minutes from major regional draws including Gurnee Mills Mall and Six Flags Great America. Gurnee stands out as a Chicago MSA retail and tourism outperformer, with robust fundamentals across retail, office, industrial, and mixed-use segments. Its combination of heavy visitor traffic, strong demographics, diverse employment base, and supply-constrained development opportunities make it a compelling destination for value-add and ground-up projects in a solid suburban market. The Property further benefits from strong demographics with a population of 124,292 residents and an average household income of $122,446 within a 5-mile radius.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

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