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    34498 N Old Walnut Cir Gurnee, IL 60031

    For Lease
    $15 SF/Yr

    Neighborhood Storefront - Gurnee, IL

    Days on Market:
    62
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 34498 N Old Walnut Cir

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Number of units
    2
    Architectural style
    Other

    Real Broker LLC (630) 439-6385 [email protected]

    Listing agent Robb Satten (217) 960-8605 License #475101369

    Listing date Oct 14, 2025

    MLS# 12354478 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gurnee Retail/Office Space Available

    Located in unincorporated Gurnee, this newly constructed and well-maintained commercial building offers attractive tax advantages. The final available space, Unit C-D, provides 1,500 square feet suitable for retail or office use. The layout is flexible. Originally built to accommodate up to six units, the property is currently configured as three units. Modern finishes ensure minimal maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    David Blumenstock: Allstate ... Insurance Agency State Representative Joyce ... Government Office FYZICAL Therapy & Balance ... Physical Therapy Clinic Fyzical Therapy & Balance ... Physical Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.9861517
    Latitude
    42.3637764

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    FAQs

    What type of property is this?
    Retail space - New commercial building in Gurnee, suitable for retail or office.
    Where is this retail space located?
    The property is located at 34498 N Old Walnut Cir Gurnee, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Newly constructed, well-maintained commercial building.; - Attractive tax advantages due to unincorporated Gurnee location.; - Final available space (Unit C-D, 1,500 SF) offers exclusivity.
    (217) 960-8605
    Request Owner's contact information
    34498 N Old Walnut Cir Gurnee, IL 60031
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    Gurnee, IL 60031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34498 N Old Walnut Cir Gurnee, IL 60031
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