Press Releases
Marcus & Millichap Arranges $3.44M Sale of Medical Office Property in Gurnee, Illinois
May 11, 2026
GURNEE, Ill., May 8, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 10,000-square-foot medical office property leased to Aurora Health Care in Gurnee, Illinois. The property sold for $3,438,000.
“Single-tenant medical office assets continue to see strong demand from investors, driven by stable tenancy and long-term fundamentals,” said Frank Roti, managing director investments. “This acquisition offers the buyer a reliable passive income stream, and we expect continued strength in the market given the sector’s solid underlying fundamentals.”
Roti and Brett Rodgers, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private entity. Brian Munn from the firm’s Atlanta office procured the east coast buyer completing a 1031 exchange.
The Class A medical office property is situated on 1.1 acres at 7505 W. Grand Ave. in a dominant retail corridor. Built in 2005, the property is fully leased to Aurora Health Care, which provides dermatology, family medicine and internal medicine services. The asset benefits from strong visibility and traffic counts of approximately 33,000 vehicles per day, with access to Interstate 94 and Interstate 294.
“Single-tenant medical office assets continue to see strong demand from investors, driven by stable tenancy and long-term fundamentals,” said Frank Roti, managing director investments. “This acquisition offers the buyer a reliable passive income stream, and we expect continued strength in the market given the sector’s solid underlying fundamentals.”
Roti and Brett Rodgers, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private entity. Brian Munn from the firm’s Atlanta office procured the east coast buyer completing a 1031 exchange.
The Class A medical office property is situated on 1.1 acres at 7505 W. Grand Ave. in a dominant retail corridor. Built in 2005, the property is fully leased to Aurora Health Care, which provides dermatology, family medicine and internal medicine services. The asset benefits from strong visibility and traffic counts of approximately 33,000 vehicles per day, with access to Interstate 94 and Interstate 294.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
