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Property profile & analytics
OFF-MARKET
Land

0 Washington St Gurnee, IL 60031

10 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10-acre commercial land parcel in Gurnee, IL, presents a rare investment opportunity. Located at the intersection of Washington Street and Cemetery Road in the township of Warren, it sits in a highly sought-after, developable corridor. Currently generating approximately $70,000 annual income from boat storage, this property offers significant income-generating potential for a variety of commercial ventures. The high traffic count ensures excellent visibility and accessibility. Zoned C-2, this expansive property provides ample space for new construction or expansion of existing businesses. Gurnee offers a thriving economic landscape and strong local support for businesses, making this a prime location for entrepreneurs seeking to establish or expand their operations. The property's strategic location at the corner of two major roads provides outstanding exposure. This is a unique opportunity to secure a place in one of the last highly sought-after developable corridors in Gurnee. The asking price is $1,550,000. The APN is 721100042.

Property profile
Verified
Property type Land
Lot 10 ac (435,600 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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