4947 Grand Ave Gurnee, IL 60031
This exceptional 2.24-acre vacant commercial land parcel presents a remarkable investment opportunity in the thriving Gurnee, Illinois market. Located at 4947 Grand Avenue, this property boasts a highly desirable commercial zoning designation, opening doors to a wide array of development possibilities. The expansive lot size provides ample space for a variety of commercial ventures, from retail establishments and office buildings to light industrial facilities. Its strategic location within Lake County, Illinois, offers excellent accessibility and visibility, ensuring high traffic flow and potential for significant return on investment. The asking price of $1,200,000 reflects the exceptional value and potential of this prime commercial land. With its ideal zoning, substantial size, and prime location, this property is poised for immediate development and represents a compelling opportunity for discerning investors seeking a high-impact commercial investment in a rapidly growing area. The property is situated in Gurnee, IL, zip code 60031, and is conveniently located for easy access to major transportation routes. This is a rare opportunity to acquire a large, commercially zoned parcel in a desirable location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.