Food-Grade Manufacturing
For Sale
Contact for pricing
3940 Porett Dr, Gurnee, IL 60031
Food-grade production property with docks, lab and office space, floor drains, and trailer parking.
Property Size29,990 SF
Price / SF$78.76
Days on Market274
Property Features for 3940 Porett Dr
General Information
Standard status
Active
Size
29,990 SF
Total Parking Spaces
40
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
7,500 SF
Dock-High Doors
4
Drive-In Doors
1
Additional Details
Office Units
1
Amenities
Production Rooms
Locker Rooms
Floor Drains
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Colliers | Chicago Rosemont
(847) 698-8444
Listed By:
Ned Frank
(847) 217-4821
Source:
Moodyscre
Added: Jan 13
Changed: Oct 8
Last Checked: Oct 12 at 10:17PM
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 Colliers | Chicago Rosemont
Investment Insights
Based on property information with market context.
The facility contains 29,990 square feet, including 7,500 square feet configured for office and laboratory use. Manufacturing improvements include production rooms, locker rooms, floor drains, and a 22-foot clear height. The building is food grade and currently configured for a single tenant.
Four exterior docks and one DID support loading operations, while on-site parking accommodates 40 cars. Trailer parking is also provided. The property at 3940 Porett Dr in Gurnee, Illinois, includes potential for outdoor storage, adding another functional component for industrial users.
Four exterior docks and one DID support loading operations, while on-site parking accommodates 40 cars. Trailer parking is also provided. The property at 3940 Porett Dr in Gurnee, Illinois, includes potential for outdoor storage, adding another functional component for industrial users.
Key Highlights
- 29,990 SF manufacturing facility with 7,500 SF of office/lab area
- Food grade building with production rooms, locker rooms, and floor drains
- 22' clear height supports manufacturing and storage operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,760
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,135,200
$3.1M
Cap Rate 7%
$2,239,429
$2.2M
Cap Rate 9%
$1,741,778
$1.7M
Market Conditions
NOI Build-Up for 29,990 SF
Gross rent
$194.3K $6.48/SF
− Vacancy
−$9.9K −$0.33/SF
EGI
$184.4K $6.15/SF
− OpEx
−$27.7K −$0.92/SF
NOI
$156.8K $5.23/SF
Area
Lake County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,135,200
Cap Rate 7%
$2,239,429
Cap Rate 9%
$1,741,778
Alternative Uses
Best Use
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,760 @ 7.0% cap · market cap 6.64%
Second Best
Industrial
$1.84M
$1.61M – $2.15M
NOI $129,097 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$10.35M
$9.06M – $12.08M
NOI $724,793 @ 7.0% cap · market cap 30.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
4
Dock-high doors
1
Drive-in doors
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Food-grade production property with docks, lab and office space, floor drains, and trailer parking.
Where is this manufacturing property located?
The property is located at 3940 Porett Dr Gurnee, IL.
What is the asking price?
The asking price for this property is $2,362,100.
What are key features of this property?
This property features: 29,990 SF manufacturing facility with 7,500 SF of office/lab area; Food grade building with production rooms, locker rooms, and floor drains; 22' clear height supports manufacturing and storage operations
