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    4017 Old Grand Ave Gurnee, IL 60031

    Sponsored
    For Sale
    $329,900

    COMMERCIAL - Gurnee, IL

    Type:Office
    Lot size:
    0.20 Acres
    Days on Market:
    237
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 4017 Old Grand Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    COMMR
    APN
    07241010010000
    Lot size
    0.20 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Floors in Building
    1
    Number of units
    1
    Building materials
    Wood, Cedar
    Roof type
    Composition

    Ryan and Company Realtors (847) 526-0300 [email protected]

    Listing agent Sean Ryan (847) 526-0300

    Listing date May 14, 2025

    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

    Updated Office Space in Gurnee

    This commercial property, currently used as a law office, features four offices and two bathrooms. The building has undergone extensive updates and includes handicap access. Updated bathrooms are present. A basement provides storage space. The property is located in Gurnee, Illinois, and is zoned for commercial use. The lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michael T. Cavanaugh, ... Criminal Justice Attorney David Stepanich Law ... Attorney Brady Cole Trial ... Criminal Justice Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.9028505
    Latitude
    42.3706359

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    FAQs

    What type of property is this?
    Office space - Updated office space with handicap access and storage basement.
    Where is this office space located?
    The property is located at 4017 Old Grand Ave Gurnee, IL.
    What is the asking price?
    The asking price for this property is $329,900.
    What are key features of this property?
    This property features: - Handicap access; - Updated bathrooms; - 4 offices with 2 baths
    (847) 526-0300
    Request Owner's contact information
    4017 Old Grand 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
    4017 Old Grand Ave Gurnee, IL 60031
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