Property profile

0 Grand Ave Gurnee, IL 60031

OFF-MARKET
Retail properties & Spaces
5,515 SF Built 1965
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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

Location

Grand Ave Gurnee, IL 60031
Gurnee metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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