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Second-Floor Office Unit
For Lease
$8 SF/Yr

3840 Grandview Avenue B, Gurnee, IL 60031

Configured with private offices, conference space, a break room, and multiple restrooms for immediate business occupancy.

Space Size5,700 SF
Days on Market42

Property Features for 3840 Grandview Avenue B

General Information

Standard status Active
Size 5,700 SF
Net Rentable 5,700 SF

Space & Availability

Available Space 5,700 SF
Contiguous Space 5,700 SF
Floor 2
Space Use Office
Available From Immediate
Private Offices 6
Meeting Rooms 1

Additional Details

Highway Access Yes

Building Details

Year Built 1962
Listing Agency: RE/MAX Plaza
Listed By: Willie Simpson · License #475132200
Source: Bktchicago
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 25 at 7:43AM

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 RE/MAX Plaza

Investment Insights

Based on property information with market context.

This approximately 5,700-square-foot second-floor office unit offers a practical layout for a business seeking space in Gurnee. The suite includes six separate offices, a 37 X 18 conference room, a 20 X 17 reception area, a break/lunch room, two full bathrooms, and one half bathroom.

The property is located close to Hwy 41 and was built in 1962. The office unit is immediately available for lease and may suit a new business or an organization relocating within the area.

Key Highlights

  • Approximately 5,700 square feet on the second floor
  • Six separate offices for private work areas
  • 37 X 18 conference room

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
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

463
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

Lease Benchmarks for Gurnee, IL

$13.67 /SF/Yr
Avg Asking Price
$8.42–$19 /SF/Yr
Price Range
3,062 SF
Avg Space Size

This space is priced 41% below the average of $13.67 /SF/Yr.

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?
Office units - Configured with private offices, conference space, a break room, and multiple restrooms for immediate business occupancy.
Where is this office units located?
The property is located at 3840 Grandview Avenue B Gurnee, IL.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Approximately 5,700 square feet on the second floor; Six separate offices for private work areas; 37 X 18 conference room
More about this property
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