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Adaptable Retail Space in Gurnee
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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 Market116

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
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: Apr 28 Changed: Aug 20 Last Checked: Aug 21 at 1:06PM
MLS# 12632253

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 commercial unit is located within Delaware Commons, a neighborhood retail center. The space is configured as a Cleaners and features an open layout that can be modified for professional, medical, retail, sports, or service-oriented uses. Situated in a high-traffic commercial corridor, the property benefits from traffic counts exceeding 23,000 vehicles per day. The property is located within unincorporated Lake County and serves a growing residential population. The surrounding area includes a mix of local businesses. The property also benefits from its proximity to Warren Township School District. Delaware Commons is a neighborhood destination where local businesses can thrive. The property is suited for businesses looking to serve the local community while benefiting from drive-by visibility. The 1.75-acre lot provides convenient access and prominent positioning. This commercial space provides the flexibility and exposure needed to support long-term success.

Key Highlights

  • 1,500 SF commercial unit in Delaware Commons configured for a cleaners business
  • Open interior layout offers flexibility to adapt for professional, medical, retail, sports, or service uses
  • Central air and construction materials include brick and stone

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

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 Retail in Midwest region

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

What type of property is this?
Retail space - 1,500 SF commercial unit in high-traffic retail 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 SF commercial unit in Delaware Commons configured for a cleaners business; Open interior layout offers flexibility to adapt for professional, medical, retail, sports, or service uses; Central air and construction materials include brick and stone
More about this property
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