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    OFF-MARKET
    Retail properties & Spaces

    0 Grand Ave, Gurnee, IL 60031

    5,515 SF Built 1965
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1965
    Total area 5,515 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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