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    Property profile & analytics

    7010 Grand Ave Gurnee, IL 60031

    • Strip malls
    • 4,938 SF
    • 0.70 lot acres
    For Lease
    View listing
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US28-1726987
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Firestone Complete Auto Care / Tire Shop / Auto Air Conditioning Service
    • Tropical Smoothie Cafe / Juice Shop
    • Jimano's Pizzeria / Pizza Restaurant / American Restaurant

    Property Details for 7010 Grand Ave

    Year built
    1998
    Construction
    BRICK
    Lot size
    0.70 lot acres
    Property size
    4,938 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    07-08-310-045
    APU
    708310045

    Description

    This 1,901 square foot retail space is available for lease at 7010 Grand Avenue in Gurnee, Illinois, within a multi-tenant building totaling 12,000 square feet. Built in 1993, the property boasts a prime location on the heavily trafficked Grand Avenue commercial corridor, boasting 32,900 vehicles per day. This storefront offers excellent visibility and accessibility. The property is situated approximately one mile west of the Gurnee Mills Shopping Center and two miles west of Interstate-94, providing convenient access for customers and employees. Strong co-tenancy includes established businesses such as Firestone, Tropical Smoothie Cafe, and Jimano's Pizza. The area is densely populated with numerous retail options, including Walmart, Jewel-Osco, Target, Sam's Club, TJ Maxx, Binny's, Mariano's, The Great Escape, Ross Dress for Less, Burlington, Starbucks, Panda Express, McDonald's, Noodles & Company, Einstein Bros Bagels, Panera Bread, Chili's, Five Guys, Outback Steakhouse, Denny's, Chase Bank, and First American Bank. This location presents a significant opportunity for businesses seeking high visibility and a strong customer base in a thriving retail environment. The property is located in Lake County, Illinois, with a zip code of 60031.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $430,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $425,000
      Mixed-Use
      $500,000
      Hospitality
      $455,000
      Educational
      $570,000
      Residential Income
      $510,000
      Energy
      $460,000
      Income-Based Land
      $570,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.9765
    Latitude
    42.3864
    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
    $21,398
    $108,833
    $150,098
    $258,931
    -
    $326,532
    $450,339
    $776,871

    Comparable in this City

    • Value Estimation by Request
      1,512 SF

      6625 Grand Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,512 SF
      6625 Grand Ave, Gurnee, IL 60031-4591
      View Details
    • Value Estimation by Request
      1,536 SF

      7735 Grand Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,536 SF
      7735 Grand Ave, Gurnee, IL 60031-1515
      View Details
    • Value Estimation by Request
      1,260 SF

      6401 Grand Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,260 SF
      6401 Grand Ave, Gurnee, IL 60031-1642
      View Details
    • Value Estimation
      $500,000
      7,005 SF

      1333 Delany Rd

      REGIONAL SHOPPING CENTER, MALL • 7,005 SF
      1333 Delany Rd, Gurnee, IL 60031-2183
      View Details
    • Value Estimation
      $1,590,000
      24,755 SF

      6609 Grand Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 24,755 SF
      6609 Grand Ave, Gurnee, IL 60031-4591
      View Details
    • Value Estimation by Request
      1,862 SF

      6570 Grand Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,862 SF
      6570 Grand Ave, Gurnee, IL 60031-1621
      View Details

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    Similar Nearby for Lease

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      Retail Space in Gurnee Center

      Regional shopping destination with national retailers and restaurants.
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      Retail Space Near Gurnee Mills

      Retail space with high visibility near Gurnee Mills.
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      12,000 SF

      Gurnee Retail Space For Lease

      High-traffic location, 1,901 sq ft available.
      7010 Grand Ave, Gurnee, IL 60031
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    • New
      Contact for pricing

      Mixed-Use Property on Grand Avenue

      Mixed-use property with retail, office, and warehouse space available.
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    • $15 SF/Yr
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      Greenleaf Medical Office Suites

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    7010 Grand Ave
    Gurnee, IL 60031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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