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7010 Grand Ave Gurnee, IL 60031-6600

OFF-MARKET Strip malls Google Maps
4,938 SF 0.7 ac lot Built 1998
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$400k
Range $360k – $440k (±10%)
Property ID US28-1726987

Property summary

AI-generated overview

This 1,901 square foot retail space is available for lease at 7010 Grand Avenue in Gurnee, Illinois, within a multi-tenant building totaling 12,000 square feet. Built in 1993, the property boasts a prime location on the heavily trafficked Grand Avenue commercial corridor, boasting 32,900 vehicles per day. This storefront offers excellent visibility and accessibility. The property is situated approximately one mile west of the Gurnee Mills Shopping Center and two miles west of Interstate-94, providing convenient access for customers and employees. Strong co-tenancy includes established businesses such as Firestone, Tropical Smoothie Cafe, and Jimano's Pizza. The area is densely populated with numerous retail options, including Walmart, Jewel-Osco, Target, Sam's Club, TJ Maxx, Binny's, Mariano's, The Great Escape, Ross Dress for Less, Burlington, Starbucks, Panda Express, McDonald's, Noodles & Company, Einstein Bros Bagels, Panera Bread, Chili's, Five Guys, Outback Steakhouse, Denny's, Chase Bank, and First American Bank. This location presents a significant opportunity for businesses seeking high visibility and a strong customer base in a thriving retail environment. The property is located in Lake County, Illinois, with a zip code of 60031.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Construction BRICK
Total area 4,938 SF
Lot 0.7 ac (30,309 SF)
APN 07-08-310-045
UPID US28-1726987

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Specialty Food Shop (Bike/Boat/Book/etc) Store
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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