1125 Delany RdGurnee, IL 60031

Property Details for 1125 Delany Rd

Year built

2001

Construction

FRAME

Lot size

0.30 AC

Property size (Sq ft)

4,180 SF

Property type

Office buildings

APN

07-13-305-002

APU

713305002

Description

This exceptional Class A medical office building in Gurnee, IL, offers 4,180 square feet on a 0.3-acre lot. Boasting a high-end, home-like design, it features a secure entrance, cameras, and a Concord elevator. The first floor includes a welcoming reception area, six office/treatment rooms, two ADA-compliant bathrooms, two utility rooms, and two storage rooms. The 2020-installed Respicaire Oxy 4 Plasma Air Scrubbers enhance air quality. Upstairs, find versatile open spaces with high ceilings, a large conference room, and a full kitchen with a wet bar. The building benefits from abundant natural light, high ceilings, and a flowing interior layout. Its prime location just south of Route 41 and Delany Road offers excellent visibility and access to major transportation routes between Chicago and Milwaukee, with high daily traffic volume on both roads. Ample parking accommodates 15 vehicles. Recent upgrades include a new 2023 roof and professional landscaping. The building's 200+ amp electrical system and pre-wired music system in first-floor offices add to its appeal. The property is zoned O-1, allowing for diverse commercial uses, including medical, professional, or even redevelopment into four separate units with individual utilities. This turnkey opportunity is perfect for owner-occupancy or investment.

• CAP approach

  CAP return

  Valuation

  6%

  $754,749

  6.5%

  $696,691

  7%

  $646,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $424,367

  Geo Method

  $544,445

• Alternative Use

  Use

  Valuation

  Residential

  $863,897

  Hospitality

  $791,325

  Educational

  $658,373

  Medical

  $681,016

  Retail

  $1,024,136

Location Insight

City

Gurnee

County

Lake

State

Illinois

Latitude

42.3764

Longitude

-87.9043

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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