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Property profile & analytics
OFF-MARKET
Land

4947 Grand Ave Gurnee, IL 60031

2.24 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2.24 ac (97,574 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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