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Retail Center with Restaurant
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750 S Milwaukee Ave., Gurnee, IL 60031

Multi-suite center includes a ready-to-operate restaurant with bar, banquet area, fixtures, and equipment.

Property Size11,750 SF
Days on Market146

Property Features for 750 S Milwaukee Ave.

General Information

Standard status Active
Size 11,750 SF
Property subtype Retail, Office

Additional Details

Highway Access Yes
Equipment Included Yes

Building Details

Tenancy Multi
Listing Agency: Block Property Group
Listed By: Greg Block · License #IL 471.013661
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 8:40PM

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 Block Property Group

Investment Insights

Based on property information with market context.

The 11,750-square-foot shopping center offers multiple commercial units ranging from 1,500 to 6,600 square feet. One suite is configured as a restaurant with a bar and banquet area, and the sale includes the existing fixtures and equipment. Available space can accommodate retail or office occupancy, based on the uses identified for the property.

The center is located at 750 S. Milwaukee Ave. in Gurnee, Illinois, near the Heather Ridge subdivision and I-94. Belvidere Rd. is also identified in the surrounding access context. The combination of divisible suite sizes and an equipped restaurant component supports a range of commercial configurations within the center.

Key Highlights

  • 11,750‑square‑foot shopping center with suites from 1,500 to 6,600 square feet
  • Restaurant suite includes a bar and banquet area
  • Sale includes restaurant fixtures and equipment

Property Analytics

Current Use

Hebbard HVAC Services HVAC Service

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom Pharmacy Storage Facility

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

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

620
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 58% Dining 26% Home Improvements & Furnishings 16%
BP Shops & Services
13,556 visits/mo 0.2 miles
Consumers Credit Union Shops & Services
7,327 visits/mo 0.3 miles
Ace Hardware Home Improvements & Furnishings
6,676 visits/mo 0.2 miles
Tacos El Norte Dining
5,591 visits/mo 0.4 miles
Fifth Third Bank & ATM Shops & Services
3,147 visits/mo 0.3 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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Saratoga Square 5101 W Washington St # 14, Gurnee, IL 60031
  • Grand Mill Plaza 4949 Grand Ave, Gurnee, IL 60031
  • Pembrook Corners 5250 Grand Ave, Gurnee, IL 60031

Frequently Asked Questions

What type of property is this?
Shopping center - Multi-suite center includes a ready-to-operate restaurant with bar, banquet area, fixtures, and equipment.
Where is this shopping center located?
The property is located at 750 S Milwaukee Ave. Gurnee, IL.
What are key features of this property?
This property features: 11,750‑square‑foot shopping center with suites from 1,500 to 6,600 square feet; Restaurant suite includes a bar and banquet area; Sale includes restaurant fixtures and equipment
More about this property
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