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Financial
Distress signals
Property profile

3550 Grand Ave Gurnee, IL 60031

OFF-MARKET
Retail space
Property ID
US28-1606823
25,300 SF 1.54 ac lot Built 1972
Last sale Feb 2020 · $1,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 20,568 square-foot Harbor Freight Tools storefront located at 3550 Grand Ave, Gurnee, IL 60031. The property boasts a 7.00% cap rate and a strong net lease with a remaining term of 9.6 years, extending to June 30, 2034, with three 5-year renewal options. The lease includes 7.5% rental escalations every five years. Situated on a 1.52-acre lot, this single-tenant property benefits from a high-traffic location along Grand Avenue (28,500…

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.

Debts

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?
$41k
Tax billed · 2023
Assessed value$424k
Assessed land$182k
Assessed improvement$242k
Effective rate9.76%

Value estimate

· Oct 2026
$1.90M
$1.71M – $2.09M
AI approach$1.94M
Submarket $/SF estimate$1.58M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$127/SF
County average, outlier-cleaned · 251 recorded sales of this use type
Observed band · Q1–Q3$47 – $218
Qualifying comparables6

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.8
Restaurant19.1
Parking Facility14.5

Location

3550 Grand Ave Gurnee, IL 60031-3735
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 Riverside, Gurnee, IL 60031-5907 $7,500,000 Dec 2025 23,275 SF
6517 Grand, Gurnee, IL 60031-1643 $16,850,000 Nov 2023 52,160 SF
6557 Grand, Gurnee, IL 60031-1607 $6,715,000 Apr 2023 21,395 SF
7500 Grand, Gurnee, IL 60031-1585 $2,700,000 Jun 2022 23,692 SF
5410 Grand, Gurnee, IL 60031-1735 $2,170,000 Apr 2022 20,179 SF
18824 Grand, Gurnee, IL 60031 $4,447,500 Nov 2020 20,286 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
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