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FOR SALE
Gurnee Retail Center 3900 Washington Ave. Gurnee, IL
Catapult Realty, LLC 217 N. Jefferson St. Suite 600
Chicago, IL 60661 312-245-9000
OFFERING MEMORANDUM
Confidentiality and Disclaimer
The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Catapult Realty LLC. It should not be distributed to any other party without the written consent of Catapult Realty, LLC. The information contained herein is not a substitute for a thorough due diligence investigation. Catapult Realty,
LLC makes no warranty or representation with respect to the information.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT CATAPULT REALTY, LLC FOR MORE DETAILS.
Retail Shopping Center, Gurnee, IL
OFFERING SUMMARY
Site Description
Catapult Realty is pleased to present this 2.8 acre, 28,000 square foot retail center in Gurnee, Illinois. Conveniently located north of Chicago and near Gurnee Mills Shopping Center. This location benefits from a continually growing population and workforce base while providing the property exposure on Washington Street and Route 41 frontage road. Gurnee’s population has seen tremendous growth over the past 15 years. The property provides an excellent opportunity to re-tenant to create significant higher values.
Property Value Add Retail Center Property Address 3900 Washington
Gurnee , IL 60031 Assessor's Parcel Number 07-24-307-011 Zoning B-2
Number of Stories 1 Number of Tenants 15 Year Built 1988 Gross Building Area 28,028 square feet Gross Leasable Area (GLA) 28,028 square feet
Lot Size 2.8 Acres = 121,968 square feet Type of Ownership Fee Simple Parking 160 Spaces
The Offering:
Washington Commons Gurnee, IL
Property Summary
• 28,028 net leasable sq. Feet • High visibility on heavily travelled
Washington Street and Route 41 frontage road.
• Traffic count 21,300. • Easy access of Hwy 41.
• 21 store fronts with 15 tenants ranging from 1200 sf to 8000 sf
• Long term established tenants
• Opportunity to create value by bringing tenants.
• Parking for 160 cars
Value Add Retail Shopping Center on Northwest Hwy in Cary, IL
OFFERING SUMMARY
Net Rentable Area (NRA) 28,028
Year Built 1988
Lot Size 2. 8 Acres
Parking 160 spaces
Washington Commons
WASHINGTON COMMONS 3900 WASHINGTON STREET GURNEE, IL 6031
RENT ROLL
WASHINGTON COMMONS OPERATING EXPENSE
Washington Commons Layout
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Location
Gurnee’s population in 2012 was 31,273 representing a 8.5% increase since 2000.
Market Information
Gurnee Market Information
Traffic Counts
Washington Commons
Zoning Gurnee, Illinois
Cary Square B-2 Washington
Commons C/B2
Real Estate Taxes
Address Tax ID 2013 EAV Square Feet 2013 real estate taxes 3900 Washington Street, Gurnee IL 60031 07-24-307-011 $456,416 121,968 $45,395