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    6577 Grand Ave Gurnee, IL 60031

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    For Sale
    Contact for pricing

    7,220 SF restaurant on 2.18 AC corner lot.

    Property size:
    7,220 SF
    Lot size:
    37.18 Acres

    Property Features for 6577 Grand Ave

    General Information

    Size
    7,220 SF
    Lot size
    37.18 Acres

    Source: Citadel Property Advisors Agent Michael Havdala

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gurnee Restaurant Building on Corner

    This 7,220-square-foot restaurant building is situated on a 2.18-acre parcel. The property is located on the hard corner of Grand Avenue and Hunt Club Road, benefiting from a high-traffic intersection with 56,400 vehicles per day. It is an outlot to the Grand Hunt power center, anchored by Target, Home Depot, Ulta, and Jewel-Osco, and offers cross-access to the adjacent Mariano’s-anchored center. The property is near Gurnee Mills, a 2 million-square-foot outlet shopping center anchored by Macy’s, Bass Pro Shop, and Marcus Theaters. Additionally, it is a short drive to Six Flags Great America theme park, which attracts an average of 2.5 million annual visitors. The property offers visibility from both Grand Avenue and Hunt Club Road.
    Insight Report Location Intelligence

    Current Use by Public Records

    TGI Fridays Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.9648318
    Latitude
    42.3846861

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    FAQs

    What type of property is this?
    Restaurant - 7,220 SF restaurant on 2.18 AC corner lot.
    Where is this restaurant located?
    The property is located at 6577 Grand Ave Gurnee, IL.
    What are key features of this property?
    This property features: - High-traffic location at the best hard corner in Gurnee, with 56,400 vehicles per day.; - Flagship 7,220-square-foot restaurant building on a 2.18-acre parcel.; - Outlot to the Grand Hunt power center anchored by Target, Home Depot, Ulta, and Jewel-Osco, with cross-access to Mariano’s.
    (312) 312-9944
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    6577 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
    6577 Grand Ave Gurnee, IL 60031
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