0 Grand Ave, Gurnee, IL 60031
This exceptional 5,515 square foot retail storefront building, situated on a 19,166 square foot lot in Gurnee, Illinois, presents a remarkable investment opportunity. Located at a signalized intersection on Grand Avenue, this property boasts unparalleled visibility and accessibility. The building, constructed in 1965, is zoned C2 -EGG and offers a single unit currently vacant, providing flexibility for various uses. With a price per square foot of $144.15, this property is priced to sell. The high-traffic location sees nearly 30,000 vehicles per day on Grand Avenue, and serves a population of nearly 100,000 within a 3-mile radius. A large pylon sign and full access to both Grand Avenue and Belle Plaine Avenue further enhance its appeal. This property is ideal for redevelopment, sale, or lease, offering significant potential for a discerning investor. The property's APN is 0713421017. This is a triple net (NNN) lease opportunity.
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.