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Delaware Commons 34491 N Old Walnut Cir

10,000 SF 100% Leased Retail Building Gurnee, IL 60031 £1,427,971 (£143/SF) 7.27% Net Initial Yield

Investment Highlights

  • Nestled in the heart of Delaware Commons
  • Proximity to Warren Township School District
  • High Traffic Counts with over 23,000 VPD

Executive Summary

Exceptional Business Opportunity at Delaware Commons – Prime Commercial Space for Lease!
Looking for the perfect space to launch or grow your business? Delaware Commons offers a fantastic opportunity for you to secure a prime 1,000 square feet unit in a vibrant, high-traffic area. Whether you're opening a retail store, office, or service-oriented business, this space offers everything you need for success.
Key Features:
Prime Location: Situated in the heart of Delaware Commons, this space is ideally located to maximize visibility and attract customers. The area is known for its bustling energy, making it a top choice for businesses aiming to stand out.High Traffic Counts: With over 23,000 vehicles per day (VPD) passing by, your business will benefit from a steady stream of potential customers, creating ample opportunities for growth and increased sales. Proximity to Warren Township School District: Benefit from being located near one of the area's most prestigious educational institutions. Engage with a diverse community of parents, students, and faculty—an untapped customer base ready for your products and services.Synergy with Local Businesses: Delaware Commons is home to a variety of successful businesses. Being part of this thriving community offers opportunities for cross-promotion and collaboration, helping your business thrive in a supportive environment.
Versatile Space: This 1,000 square feet unit is highly adaptable, allowing you to customize the space to suit your specific needs. Whether you're looking to create a welcoming retail space, a professional office, or another unique business venture, this location offers the flexibility to bring your vision to life.
Why Delaware Commons?
Delaware Commons is quickly becoming one of the region's most dynamic business hubs. With its prime location, high foot traffic, and community-focused atmosphere, this is your chance to make your mark in an area poised for continued growth. Whether you're a startup or looking to expand your business, this space offers the perfect foundation for success.
Don't Miss Out!
For more information or to schedule a tour, contact the listing brokers today!

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built
1998
Price
£1,427,971
Price Per SF
£143
Net Initial Yield
7.27%
NOI
£103,812
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Lot Size
1.41 AC
Zoning
L-C - Limited Commercial - unincorporated
Parking
60 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
99 ft on Old Walnut

Amenities

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-19-401-280
Land Assessment
£123,084
Improvements Assessment
£301,713
Total Assessment
£424,797
  • Listing ID: 31458000

  • Date on Market: 09/04/2024

  • Last Updated:

  • Address: 34491 N Old Walnut Cir, Gurnee, IL 60031

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