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Financial
Distress signals
Property profile

3840 Grandview Ave B Gurnee, IL 60031

FOR LEASE
Commercial land
Property ID
US28-5573427
0.32 ac lot
Last sale Jul 2025 · $829,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a second-floor office unit located at 3840 Grandview Avenue #B in Gurnee, Illinois, with convenient access near Highway 41. Built in 1962, it contains approximately 5,700 square feet of workspace configured with six separate offices, a 37-by-18-foot conference room, and a 20-by-17-foot reception area. The suite also includes a break/lunch room, two full bathrooms, and one half bathroom. The unit is zoned COMMR and is arranged as a single commercial office suite combining private rooms, meeting/reception functions, and employee amenities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$12k
Assessed land$12k
Effective rate9.76%

Value estimate

· Oct 2026
$830k
$747k – $913k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$181/SF
County average, outlier-cleaned · 196 recorded sales of this use type
Observed band · Q1–Q3$96 – $317

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.2
Convenience Store10.6
Pawn Shop9.4

Location

3840 Grandview Ave, Unit B Gurnee, IL 60031
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Skokie, Gurnee, IL 60031 $200,000 May 2025 No data
4310 Centennial, Gurnee, IL 60031-2072 $890,000 Apr 2025 No data
37900 Us Hwy 41, Gurnee, IL 60031 $50,000 Jan 2025 No data
Gurnee Mls, Gurnee, IL 60031 $3,200,000 Oct 2024 No data
4015 Grv, Gurnee, IL 60031-2120 $175,000 Sep 2024 No data
Grandview, Gurnee, IL 60031 $3,600,000 May 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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