1504 Nations Dr, Gurnee, IL 60031-9115
This exceptional 2,230 square foot restaurant property, located at 1504 Nations Drive in Gurnee, Illinois, presents a unique investment opportunity. Previously operated as a KFC, this single-tenant building boasts a highly desirable drive-thru, a significant advantage in today's fast-paced market. Its strategic location off Grand Avenue, east of the highway and directly across from Six Flags Great America, ensures exceptional visibility and high traffic volume. The property benefits from a strong tenant mix in the immediate vicinity, including established businesses such as Starbucks, Chuck E. Cheese, and Culver's, creating a vibrant and attractive commercial environment. Ample parking is available for patrons, enhancing convenience and accessibility. Situated in Lake County (zip code 60031), this property offers a compelling combination of location, existing infrastructure, and high-traffic potential, making it an ideal investment for a variety of restaurant concepts. The building's existing layout and drive-thru infrastructure could significantly reduce start-up costs and time for a new operator. This is a rare opportunity to acquire a well-positioned restaurant property in a thriving commercial area. The property's size and location make it suitable for a variety of food service businesses. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.