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First-Floor Flex Space
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3840 Grandview Avenue, Gurnee, IL 60031

Commercial Lease, Gurnee, IL

Space SizeContact for details
Days on Market284

Property Features for 3840 Grandview Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning COMMR
Directions HWY 41 & Grand Ave E to Waveland St N to Grandview E to address on right
Subdivision Gurnee
Standard status Active

Building Details

Year built 1962
Floors in Building 2
Number of units 4
Flooring type Concrete
Listing Agency: RE/MAX Plaza · RE/MAX International
Listed By: Willie Simpson · License #475132200
Added: Nov 19, 2025 Changed: Aug 19 Last Checked: Aug 30 at 11:06AM
MLS# 12518629

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.

This first-floor flex unit combines dedicated office space with a larger shop area and a half bath. The office measures 18 X 23, while the shop measures 70 X 23, providing distinct administrative and work areas within the same suite. Concrete flooring is installed throughout the space.

The property is located on Grandview Avenue in Gurnee, near Hwy 41. Zoning is designated COMMR, and the building was constructed in 1962. The layout offers a straightforward combination of office and shop functionality for a range of commercial operations.

Key Highlights

  • First‑floor flex space with office, shop, and half bath
  • 18 X 23 office area
  • 70 X 23 shop area

Property Analytics

Current Use

Hollywood Inn & Suites Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Locksmith Computer & Electronic Repair Tech Support Center

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

463
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Similar Off Market Nearby

  • Delicious Unlimited 4005 Porett Dr, Gurnee, IL 60031

Frequently Asked Questions

What type of property is this?
Flex space - Office, workshop, and half-bath areas support varied commercial configurations.
Where is this flex space located?
The property is located at 3840 Grandview Avenue Gurnee, IL.
What are key features of this property?
This property features: First‑floor flex space with office, shop, and half bath; 18 X 23 office area; 70 X 23 shop area
More about this property
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