Commercial Real Estate Market in Gurnee, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
42 active listings and 890 off-market properties in Gurnee, IL. Commercial property asks $189/SF to buy (based on 3 listings) and $16.35/SF/Yr to lease (based on 6 listings).
Market Trends
Gurnee, IL spans 19.0 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Gurnee, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Gurnee, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Gurnee, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Gurnee, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Planned_development 32.9%
- Residential 32.6%
- Commercial 10.4%
- Industrial 7.7%
- Open space 3.9%
Largest Zones share of zoned land by district
R-2: The R-2 Single-Family Residential District is intended for areas of moderate density development and function as a transitional zone between areas of semi-rural character and developed residential districts, PUD: The planned unit development technique is intended to encourage and allow more creative and flexible development of land than is possible unde…
Market overview
Demographics & Economy
Gurnee, IL has 37,650 residents in 14,796 households. Density runs 1,980 people per square mile. Median household income here is $114,008 and median gross rent $1,601 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Gurnee?
How much does it cost to lease commercial space in Gurnee?
Where does Realmo's Gurnee market data come from?
Methodology & data sources
- Asking prices and medians
- There are 15 active for-sale and 27 active for-lease listings in Gurnee, IL. The medians are based on 3 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 8,772 zoned acres across 33 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
