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Neighborhood Retail Suite
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34498 N Old Walnut Circle, Gurnee, IL 60031

Commercial Lease, Gurnee, IL

Space Size1,500 SF
Lot Size1.75 Acres
Days on Market140

Property Features for 34498 N Old Walnut Circle

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions West for Hunt Club & East of RT 45 located on Washington and Old Walnut - turn S. & Left into Parking lot - UNIT F & G
Subdivision Gurnee
Standard status Active
Lot size 1.75 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Cooling system Central Air

Amenities

private offices
open work area
reception area
open ceilings
industrial-style finish

Building Details

Year built 2004
Floors in Building 1
Number of units 1
Building materials Brick, Masonite
Roof type Composition
Listing Agency: Real Broker, LLC
Listed By: Robb Satten · License #475101369
Added: Apr 8 Changed: Aug 20 Last Checked: Aug 25 at 4:06AM
MLS# 12601661

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Available for commercial lease, Unit C-D provides 1,500 SF within a neighborhood retail center in unincorporated Lake County. The layout includes four private offices, an open work area, and a sizable reception and entrance area. Open ceilings with an industrial-style finish add a contemporary character, while central air supports the interior environment. The space can accommodate professional, medical, retail, or service-oriented uses, subject to applicable requirements.

Located at 34498 N Old Walnut Circle in Gurnee, the property fronts a commercial corridor recording daily traffic counts exceeding 23,000 vehicles. Its setting serves nearby residential communities and established local businesses, with Warren Township School District also in the surrounding area. The 1.75-acre property was built in 2004 and features brick and Masonite construction with a composition roof.

Key Highlights

  • 1,500 SF commercial unit in Unit C‑D
  • Four private offices plus open work area and reception space
  • Daily traffic counts exceeding 23,000 vehicles

Property Analytics

Current Use

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

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Hair Salon Restaurant Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

23,000 VPD
Traffic count
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

188
Businesses Nearby

Demographics for 60031, IL

37,650
Population
14,796
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
95%
High-School Grad
19.0 sq mi
ZIP Area
1,982
Density / Sq Mi
$114,008
Median Household Income
$56,770
Median Earnings
$1,601
Median Rent
$322,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial unit with private offices, reception space, and an open work area.
Where is this retail space located?
The property is located at 34498 N Old Walnut Circle Gurnee, IL.
What are key features of this property?
This property features: 1,500 SF commercial unit in Unit C‑D; Four private offices plus open work area and reception space; Daily traffic counts exceeding 23,000 vehicles
More about this property
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