Financial
Distress signals
Property profile

940 Lakeside Dr Gurnee, IL 60031

OFF-MARKET
Other warehouses
Property ID
US28-4809904
18,504 SF 2.22 ac lot Built 2001
Last sale Feb 2025 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is an industrial facility totaling 18,720 square feet, with 2,880 square feet allocated to office space. It features a 21-foot clear height and a logistics layout with three interior docks and one drive-in door. Parking is provided for approximately 95 vehicles. The office area has been recently remodeled and the site includes expansion land. The property is located in Gurnee, Illinois and is configured to be leased, with a lease term of 10 years previously established.

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.

Mortgages

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?
$42k
Tax billed · 2023
Assessed value$448k
Assessed land$182k
Assessed improvement$265k
Effective rate9.47%

Value estimate

· Sep 2026
$1.50M
$1.35M – $1.64M
AI approach$1.50M
CAP approach$1.49M
Submarket $/SF estimate$1.17M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$169/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$69 – $786

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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.7
Storage Facility11.1
Kitchen & Bath11.0

Location

940 Lakeside Dr Gurnee, IL 60031-2400
County assessor Recorded deeds · 2 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
191 Ambrogio, Gurnee, IL 60031-3374 $1,150,000 Jan 2025 15,004 SF
1551 Delany, Gurnee, IL 60031-1205 $2,300,000 Jan 2024 9,962 SF
1949 Swanson, Gurnee, IL 60031-1217 $1,100,000 Sep 2023 14,400 SF
263 Ambrogio, Gurnee, IL 60031-3374 $985,000 Apr 2023 16,681 SF
1440 Saint Paul, Gurnee, IL 60031-2129 $1,050,000 Oct 2022 18,107 SF
3940 Tannahill, Gurnee, IL 60031-1223 $1,894,500 Sep 2022 31,402 SF
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 940 Lakeside Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message