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Retail Space Near Major Attractions

5320 Grand Avenue, Gurnee, IL 60031

For Lease
Contact for pricing

Surface parking serves a retail property along Gurnee’s Grand Avenue corridor.

Space SizeContact for details
Days on Market60

Property Features for 5320 Grand Avenue

General Information

Standard status Active
Property subtype Retail

Additional Details

Highway Access Yes

Spaces For Lease

at 5320 Grand Avenue
#5330-5340 Active
Contact us
Listing Agency: A.R.C Real Estate Group
Listed By: Lauren Szymell · License #IL
Source: Crexi
Added: Sep 11 Changed: Nov 8 Last Checked: Nov 8 at 5:26PM

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 A.R.C Real Estate Group

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This retail space at 5320 Grand Avenue in Gurnee was previously occupied by a 23,500-square-foot grocery store. The property has surface parking and sits along Grand Avenue, also designated IL Route 132.

Nearby destinations include Gurnee Mills and Six Flags Great America, along with hotels and entertainment uses. The property is also surrounded by multifamily and single-family housing, and I-94 provides a connection toward the Chicago and Milwaukee metropolitan areas.

Key Highlights

  • Former grocery space measuring 23,500 SF
  • Fronts Grand Avenue (IL Route 132) in Gurnee
  • Surface parking on site

Property Analytics

Current Use

JC Licht Benjamin ... Hardware & Home Improvement

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Barber Shop

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

582
Businesses Nearby
192k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 76% Shops & Services 19% Hotels & Casinos 6%
Speedway Shops & Services
32,533 visits/mo 0.2 miles
Olive Garden Dining
25,635 visits/mo 0.3 miles
McDonald's Dining
21,229 visits/mo 0.3 miles
Culver's Dining
20,103 visits/mo 0.3 miles
Cracker Barrel Old Country Store Dining
19,284 visits/mo 0.5 miles

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

Properties on Market for Retail space in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Surface parking serves a retail property along Gurnee’s Grand Avenue corridor.
Where is this retail space located?
The property is located at 5320 Grand Avenue Gurnee, IL.
What are key features of this property?
This property features: Former grocery space measuring 23,500 SF; Fronts Grand Avenue (IL Route 132) in Gurnee; Surface parking on site
(630) 908-5703 Call to check price and availability
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