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Adaptable Neighborhood Retail Space
For Lease
$15 SF/Yr

34491 N Old Walnut Circle, Gurnee, IL 60031

Open-layout commercial space in Delaware Commons with drive-by exposure and access to surrounding residential communities.

Space Size1,500 SF
Days on Market108

Property Features for 34491 N Old Walnut Circle

General Information

Standard status Active
Size 1,500 SF
Net Rentable 1,500 SF
Zoning COMMR

Space & Availability

Available Space 1,500 SF
Contiguous Space 1,500 SF
Space Use Retail

Additional Details

Traffic Count 23,000 vehicles/day

Building Details

Year Built 1998
Stories 1
Units 1
Tenancy Multi
Listing Agency: Real Broker, LLC
Listed By: Robb Satten · License #475101369
Source: Ozmentrealestate
Added: Apr 28 Changed: Aug 12 Last Checked: Aug 12 at 4:52AM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This 1,500-square-foot retail unit is located within Delaware Commons and is currently configured as a cleaners. The interior provides an open arrangement that can be reworked for professional, medical, retail, sports, or service-oriented operations. Built in 1998, the property is designated COMMR zoning and is offered for rent.

The center occupies a commercial corridor with traffic counts exceeding 23,000 vehicles per day, supporting strong daily exposure. Its setting within unincorporated Lake County places the space near established residential communities and the Warren Township School District. Delaware Commons also includes other local businesses, creating a neighborhood retail environment with complementary commercial activity.

Key Highlights

  • 1,500 square feet within Delaware Commons
  • Traffic counts exceeding 23,000 vehicles per day
  • Open interior currently configured as a Cleaners

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
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

208
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Open-layout commercial space in Delaware Commons with drive-by exposure and access to surrounding residential communities.
Where is this retail space located?
The property is located at 34491 N Old Walnut Circle Gurnee, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 1,500 square feet within Delaware Commons; Traffic counts exceeding 23,000 vehicles per day; Open interior currently configured as a Cleaners
More about this property
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