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3430 Grand Ave Gurnee, IL 60031

Sponsored
For Sale
$1,450,000

High-income retail center, value-add potential.

Property size:
9,997 SF

Description

Added:
Feb 3, 2025
Days on Market:
352
This exceptional 9,997 square foot retail strip shopping center, known as Gurnee Plaza, presents a compelling investment opportunity. Strategically located at 3430 Grand Avenue in Gurnee, Illinois, this property boasts excellent visibility and accessibility. Currently anchored by established tenants T-Mobile and Jimmy John's, the center generates strong in-place income. However, significant value-add potential exists through leasing the currently vacant spaces. The property benefits from its prime location on Grand Avenue, near Green Bay Road, providing easy access to the Tri-State Tollway (I-294), Six Flags Great America, and Gurnee Mills shopping center. This high-traffic area is surrounded by a dense concentration of national retailers, including Walgreens, Starbucks, Jewel-Osco, Dollar Tree, TCF Bank, McDonald's, and Burger King, ensuring consistent customer flow. Gurnee, a thriving village of approximately 31,300 residents, has experienced an 8.5% population increase over the past decade, indicating a robust and growing market. This property offers a unique blend of stable income and significant upside, making it an ideal acquisition for discerning investors seeking a strong return on investment in a prime retail location. The property is offered at $1,450,000. The lot size is 0 acres.

Property Features for 3430 Grand Ave

General Information

Property type
Other commercial real estate
Square Feet
9,997 SF

Building Details

Year Built
1960

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Listing Contact
Daniel Hyman

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Property Insight Report

Property Profile Location Intelligence

Current Use by Public Records

Ieve Deleon Physical Therapist Dr. Lisa Depasquale Physical Therapist Francisco Sajuan Physical Therapist SURESTAFF Gurnee Temp Agency T-Mobile Cell Phone Store

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
-87.88626
Latitude
42.37104

FAQs

What type of property is this?
Commercial real estate - High-income retail center, value-add potential.
Where is this commercial real estate located?
The property is located at 3430 Grand Ave Gurnee, IL.
What is the asking price?
The asking price for this property is $1,450,000.
More about this property
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