Property profile & analytics
3430 Grand Ave Gurnee, IL 60031-3741
- Retail space
- 9,700 SF
- 2.00 lot acres
OFF-MARKET
Last Sale
Jun 23, 2025
Jun 23, 2025
$1,950,000
Value Estimations
$1,815,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-5868376
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
- Ieve Deleon / Physician
- Dr. Lisa Depasquale / Physician
- Francisco Sajuan / Physician
- SURESTAFF Gurnee / Employment Agency
- T-Mobile / Mobile Phone Store / Electronics & Wireless Store
Property Details for 3430 Grand Ave
- Year built
- 2010
- Construction
- BRICK
- Lot size
- 2.00 lot acres
- Property size
- 9,700 SF
- Property type
- Retail space
- APN
- 07-13-400-049
- APU
- 713400049
Description
This exceptional 9,997 square foot retail strip shopping center, known as Gurnee Plaza, presents a compelling investment opportunity. Strategically located at 3430 Grand Avenue in Gurnee, Illinois, this property boasts excellent visibility and accessibility. Currently anchored by established tenants T-Mobile and Jimmy John's, the center generates strong in-place income. However, significant value-add potential exists through leasing the currently vacant spaces. The property benefits from its prime location on Grand Avenue, near Green Bay Road, providing easy access to the Tri-State Tollway (I-294), Six Flags Great America, and Gurnee Mills shopping center. This high-traffic area is surrounded by a dense concentration of national retailers, including Walgreens, Starbucks, Jewel-Osco, Dollar Tree, TCF Bank, McDonald's, and Burger King, ensuring consistent customer flow. Gurnee, a thriving village of approximately 31,300 residents, has experienced an 8.5% population increase over the past decade, indicating a robust and growing market. This property offers a unique blend of stable income and significant upside, making it an ideal acquisition for discerning investors seeking a strong return on investment in a prime retail location. The property is offered at $1,450,000. The lot size is 0 acres.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,655,000
- 6.5%
- $1,525,000
- 7%
- $1,415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,833,000
Market price range: $451k - $2.11M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,235,000 Current use
- OFFICE BUILDING
- $2,285,000 Change: +85% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,760,000 Change: +43% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,695,000 Change: +37% Conversion: Difficult
- RESTAURANT
- $1,655,000 Change: +34% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,645,000 Change: +33% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.8862
- Latitude
- 42.3713
- 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
$49,197
$189,290
$302,372
$491,662
-
$567,927
$907,207
$1,475,134
