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    Property profile & analytics
    FOR LEASE
    Retail space

    34491 N Old Walnut Cir, Gurnee, IL 60031

    10,118 SF 1.4 ac lot Built 1998
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-5287656
    Property summary
    AI-generated overview

    This exceptional 10,000 square foot commercial property is ideally situated within the bustling Delaware Commons neighborhood center in Gurnee, Illinois. Boasting a prime location with over 23,000 vehicles passing daily, this property ensures maximum visibility and accessibility for your business. Its strategic placement allows for significant exposure to a large potential customer base. The property's proximity to the Warren Township School District provides additional opportunities to connect with the local community. The versatile 10,000 square foot space offers flexibility for various business needs, allowing customization to create the perfect environment. This property presents a unique chance to establish or expand your business within a thriving commercial hub, surrounded by other successful enterprises, fostering a collaborative and supportive atmosphere. The property is ready for immediate occupancy and offers significant potential for growth and success. This is an exceptional opportunity to secure a prominent location in a high-traffic area, providing a strong foundation for your business endeavors. Don't miss this chance to become part of the vibrant Delaware Commons community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1998
    Construction FRAME
    Total area 10,118 SF
    Lot 1.4 ac (60,984 SF)
    APN 07-19-401-280
    UPID US28-5287656
    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
    Current use
    Occupant on record · Public records
    • Napoli Michelle Dental Office
    • Gurnee Dental Care Dental Office
    • Gurnee Dental Care: Gary C Kaplan, DDS Dental Office
    • Kent Nicole Dental Office
    • Leo’s Chicago Grill (Gurnee) Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.81M
    CAP Approach CAP
    $1.59M
    Comparable Approach Comparable
    $2.02M
    Blend (final) Blend
    $1.71M
    Owner & transaction history
    De Commons LLC · 4 yrs held
    De Commons LLC
    since 2021
    Last sale
    $1.6M
    7 recorded transactions
    2021
    $1.6M
    2018
    2008
    $2.1M
    2002
    $1.7M
    1998
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $2.4M +85.0%
    Commercial (general) $1.8M +42.7%
    Auto repair, garage $1.8M +37.4%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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