Investment Overview

Marcus & Millichap is pleased to present this condominium unit located at 731 South Illinois Route 21, Suite 150, Gurnee, Illinois. The medical condo is comprised of 4,164 square feet and offers ample parking spaces. This office condo is leased to Northshore Center Gastroenterology, SC Division of GI Partners Illinois, Inc., under an absolute-net lease structure with 3% annual increases and a private guarantee. Approximately 4 years of the lease term remain, with one 10-year renewal option available. The site benefits from excellent synergy with other condo units in the complex, housing tenants such as University Foot Associates, Glamorously Beautiful, Northshore Medical Group, and Advocate Healthcare. The Northshore Center for Gastroenterology, a division of GI Partners of Illinois, is a specialized medical facility dedicated to diagnosing and treating various digestive disorders. Their team of board-certified gastroenterologists addresses conditions like Barrett's esophagus, gastroesophageal reflux disease (GERD), Crohn's disease, ulcerative colitis, and celiac disease. They also manage swallowing disorders, liver diseases, and other gastrointestinal issues. This office boasts excellent visibility from Milwaukee Avenue, with monument signage in place. It is approximately 2.3 miles from the renowned Six Flags Great America and 3.7 miles from Gurnee Mills Mall, which attracts 23 million visitors annually. The center is surrounded by several retail centers, featuring tenants such as a Hair Studio, Olivia Italian Restaurant, Domino’s Pizza, 21 Dry Cleaners, TLC Massage, and Everything Pretty.