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First-Floor Office Shop Space
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3840 Grandview Avenue, Gurnee, IL 60031

Commercial Lease, Gurnee, IL

Space SizeContact for details
Days on Market274

Property Features for 3840 Grandview Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning COMMR
Directions HWY 41 & Grand Ave E to Waveland St N to Grandview E to address on right
Subdivision Gurnee
Standard status Active

Building Details

Year built 1962
Floors in Building 2
Number of units 4
Flooring type Concrete
Listing Agency: RE/MAX Plaza · RE/MAX International
Listed By: Willie Simpson · License #475132200
Added: Nov 19, 2025 Changed: Aug 19 Last Checked: Aug 20 at 3:06PM
MLS# 12518629

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 first-floor commercial unit includes an 18-by-23 office, a half bath, and a 70-by-23 shop area, designed for businesses that need both office and workspace under one roof. The space is laid out to support everyday operations from the front office through to the shop area.

Conveniently located in Gurnee near Highway 41, the unit offers practical access for routine business use. The property is zoned COMMR.

As presented, the layout provides a dedicated office component alongside a larger shop space, making it suitable for tenants looking to combine administrative and hands-on space in a single suite.

Key Highlights

  • Large 70 X 23 Shop Space
  • Convenient Gurnee Location Near Hwy 41
  • 1st Floor Unit

Property Analytics

Current Use

Hollywood Inn & Suites Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Locksmith Computer & Electronic Repair Tech Support Center

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

463
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
Questions? Ask Rey
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Similar Off Market Nearby

  • Delicious Unlimited 4005 Porett Dr, Gurnee, IL 60031

Frequently Asked Questions

What type of property is this?
Flex space - First-floor unit includes an 18-by-23 office, half bath, and 70-by-23 shop area near Highway 41.
Where is this flex space located?
The property is located at 3840 Grandview Avenue Gurnee, IL.
What are key features of this property?
This property features: Large 70 X 23 Shop Space; Convenient Gurnee Location Near Hwy 41; 1st Floor Unit
More about this property
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