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Adaptable Retail Space
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34491 N Old Walnut Circle, Gurnee, IL 60031

Commercial Lease, Gurnee, IL

Space Size1,500 SF
Lot Size1.75 Acres
Days on Market150

Property Features for 34491 N Old Walnut Circle

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions West for Hunt Club & East of RT 45 located on Washington and Old Walnut - turn S. & Left into Parking lot - UNIT F & G
Subdivision Gurnee
Standard status Active Under Contract
Lot size 1.75 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Cooling system Central Air

Building Details

Year built 1998
Floors in Building 1
Number of units 1
Building materials Brick, Stone
Listing Agency: Real Broker, LLC
Listed By: Robb Satten · License #475101369
Added: Mar 25 Changed: Aug 20 Last Checked: Aug 21 at 6:06AM
MLS# 12587287

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 1,500-square-foot retail unit occupies units F and G within Delaware Commons, a neighborhood shopping center serving nearby residential communities. The space is currently arranged as a dental office, with an adaptable interior that can be reworked for professional, medical, retail, or service uses. Central air, brick and stone construction, and a 1998 construction date are also documented for the property. The site carries COMMR zoning.

Positioned along a commercial corridor with traffic counts exceeding 23,000 vehicles per day, the property offers exposure to daily drive-by activity. Its setting in unincorporated Lake County places it near established residential areas and Warren Township School District. The center includes complementary local businesses and provides convenient access for customers and staff.

Key Highlights

  • 1,500‑square‑foot unit spanning units F and G at Delaware Commons
  • Current dental‑office configuration with an adaptable interior layout
  • Traffic counts exceeding 23,000 vehicles per day

Property Analytics

Current Use

Napoli Michelle Dental Office Gurnee Dental Care Dental Office Gurnee Dental Care: ... Dental Office Kent Nicole Dental Office Leo’s Chicago Grill ... Restaurant

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Dental Office

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

23,000 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

155
Businesses Nearby

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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Frequently Asked Questions

What type of property is this?
Retail space - Existing dental-office improvements support medical, professional, service, or retail occupancy within a neighborhood shopping center.
Where is this retail space located?
The property is located at 34491 N Old Walnut Circle Gurnee, IL.
What are key features of this property?
This property features: 1,500‑square‑foot unit spanning units F and G at Delaware Commons; Current dental‑office configuration with an adaptable interior layout; Traffic counts exceeding 23,000 vehicles per day
More about this property
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