3575 Grand AveGurnee, IL 60031

  • Retail properties
  • 80,881 SF
For Lease
$8/SF/YR View listing

Property Details for 3575 Grand Ave

Year built
1954
Construction
BRICK
Lot size
6.31 AC
Property size (Sq ft)
80,881 SF
Property type
Retail properties
Property subtype
Outlet malls
APN
07-24-200-002
APU
724200002

Description

Gurnee Village Commons offers a unique investment opportunity in a prime Lake County, Illinois location. This 105,000 square foot mixed-use property, classified as Class B, sits on six acres of land at 3575 Grand Ave, Gurnee, IL 60031. The single-story building, constructed in 1965, features a 14-foot ceiling height and boasts multiple suites, with a minimum divisible space of 786 square feet and a maximum contiguous space of 48,303 square feet. The property includes 340 parking spaces and two drive-in bays. Its strategic location on Grand Avenue (Route 132), between Green Bay Road and Skokie Highway (US 41), provides exceptional visibility and accessibility. With over 450 feet of frontage on Grand Avenue, the property benefits from high traffic counts of nearly 30,000 vehicles per day. The area's population within a three-mile radius exceeds 100,000 residents, and the property is approximately two miles east of Six Flags Great America. Zoning allows for a variety of uses, including retail, office, general commercial, self-storage, and drive-through restaurants (with special use permit). An outlot is available for ground lease. This property presents a compelling opportunity for businesses seeking flexible warehouse or flex space in a high-traffic, densely populated area.

3575 Grand Ave, Gurnee, Illinois
Leaflet | © OpenStreetMap contributors

Location Insight

City
Gurnee
County
Lake
State
Illinois
Latitude
42.3697
Longitude
-87.8889
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$127,246
$584,875
$665,474
$1,250,349
-
$1,754,800
$1,996,622
$3,751,422

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