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    3840 Grandview Ave Gurnee, IL 60031

    For Lease
    $16 SF/Yr

    Other - Gurnee, IL

    Days on Market:
    19
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 3840 Grandview Ave

    General Information

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

    Building Details

    Year built
    1962
    Number of units
    4
    Flooring type
    Concrete
    Architectural style
    Other

    RE/MAX Plaza (847) 596-6100 [email protected]

    Listing agent Willie Simpson (847) 596-6100 License #475132200

    Listing date Nov 19, 2025

    MLS# 12518629 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 Office and Shop Space

    Located in Gurnee near Highway 41, this first-floor unit includes an 18 x 23 office, a half bath, and a 70 x 23 shop. This space offers various possibilities for starting or relocating a business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hollywood Inn & Suites Hotel

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -87.8954662
    Latitude
    42.3727496

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    FAQs

    What type of property is this?
    Office space - First floor unit with office, half bath, and shop.
    Where is this office space located?
    The property is located at 3840 Grandview Ave Gurnee, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Large 70 X 23 Shop Space; - Convenient Gurnee Location Near Hwy 41; - 1st Floor Unit
    (847) 596-6100
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    3840 Grandview Ave 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
    3840 Grandview Ave Gurnee, IL 60031
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