0 Washington St Gurnee, IL 60031
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.
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.