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    4262 Old Grand Ave Gurnee, IL 60031

    For Lease
    $16 SF/Yr

    Commercial Lease - Gurnee, IL

    Days on Market:
    88
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for 4262 Old Grand Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Architectural style
    Other

    Leading Edge Realty Advisors, Inc. (847) 361-3420 [email protected]

    Listing agent Christopher Demas (847) 868-5745 License #471019127

    Listing date Sep 19, 2025

    MLS# 12476366 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

    Retail Space in Gurnee, IL

    This commercial space in Gurnee, Illinois, offers 891 square feet for lease at $1,250 per month. The space is located within a well-maintained, multi-tenant building with established co-tenants. Previously built out for fitness, the clean and flexible space is suitable for a fitness studio, such as personal training, yoga, Pilates, or small-group classes, and other wellness concepts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Construction Testing & Instrumentation ... Geotechnical Engineer Capital Insurance and Financial ... Auto Insurance Agency AWH Fitness Fitness Center Medco Financial Associates, ... Debt Collection Agency Zytek Services Computer Repair Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.908621
    Latitude
    42.371234

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    FAQs

    What type of property is this?
    Retail space - Affordable retail space suitable for fitness or wellness concepts.
    Where is this retail space located?
    The property is located at 4262 Old Grand 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: - Affordable rent: $1,250/month for 891 SF.; - Ideal for fitness or wellness concepts (previously built out for fitness).; - Located in a well-maintained, multi-tenant building.
    (847) 868-5745
    Request Owner's contact information
    4262 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
    4262 Old Grand Ave Gurnee, IL 60031
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