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    OFF-MARKET
    Turn key restaurants

    1504 Nations Dr, Gurnee, IL 60031-9115

    3,624 SF 1.56 ac lot Built 2003
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-4660749
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2003
    Construction BRICK
    Total area 3,624 SF
    Lot 1.56 ac (68,128 SF)
    APN 07-15-113-002
    UPID US28-4660749
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    1504 Nations Drive LLC · 1 yrs held
    1504 Nations Drive LLC
    since 2025
    5 recorded transactions
    2025
    $2.3M
    2025
    $1.4M
    2017
    2016
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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