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Fully Leased Shopping Center
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Pending

3900 Washington St, Gurnee, IL 60031

Renovated retail center with a 12-tenant occupancy profile and newer HVAC systems serving most of the property.

Property Size28,000 SF
Days on Market143

Property Features for 3900 Washington St

General Information

Standard status Pending
Size 28,000 SF
Property subtype Retail, Office
Occupancy 100%
Net Operating Income $325,250

Additional Details

Highway Access Yes

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Jay Roy
Listed By: Tom Barton · License #CO12
Source: Crexi
Added: Apr 10 Changed: Aug 29 Last Checked: Aug 29 at 2:01PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jay Roy

Investment Insights

Based on property information with market context.

This 28,000-square-foot shopping center occupies a 2+ acre site and is fully leased to 12 tenants. The property includes a mix of regional and national occupiers, with capital improvements completed in recent years and newer HVAC systems serving the majority of the center.

The center is positioned on Washington Street in Gurnee’s Professional District, with reported exposure to more than 30,000 vehicles per day. Its location next to the 41N and 41S highway exits provides direct access to the surrounding road network.

The combination of retail scale, established occupancy, recent renovations, and updated mechanical systems defines the property’s current configuration.

Key Highlights

  • 28,000‑square‑foot shopping center on a 2+ acre lot
  • Fully leased to 12 tenants
  • Reported exposure to 30,000+ VPD on Washington Street

Property Analytics

Current Use

Prestige Cleaners (Bike/Boat/Book/etc) Store Salon Silk Chicago Hair Salon Heavenly Beauty Studio Hair Salon The Authentic Cheese Bread ... Bakery Juggernaut Tattoo Tattoo & Piercing Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Pharmacy Big Box & Wholesale Store Parking Lot & Garage Law Firm

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

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

936
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Village Commons Shopping Center Grand Ave, Gurnee, IL 60031

Frequently Asked Questions

What type of property is this?
Shopping center - Renovated retail center with a 12-tenant occupancy profile and newer HVAC systems serving most of the property.
Where is this shopping center located?
The property is located at 3900 Washington St Gurnee, IL.
What are key features of this property?
This property features: 28,000‑square‑foot shopping center on a 2+ acre lot; Fully leased to 12 tenants; Reported exposure to 30,000+ VPD on Washington Street
More about this property
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