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Financial
Distress signals
Property profile

3575 Grand Ave Gurnee, IL 60031

FOR LEASE
Outlet malls
Property ID
US28-1550021
80,881 SF 6.31 ac lot Built 1954
Last sale Mar 2017 · $5,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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3575 Grand Ave, Gurnee, IL 60031 For Lease
$1,045,000
3575 Grand Ave, Gurnee, IL 60031
View Listing

Property summary

AI-generated overview

This mixed-use commercial property offers up to 47,303 SF of combined retail, office, and warehouse space within a building constructed in 1985. The building includes two bathrooms and a rear overhead door that supports service-oriented access alongside customer-facing areas. The site covers over 6 acres at the corner of Belle Plaine and Grand Avenues, with more than 450 feet of frontage on Grand Avenue. The property is zoned COMMR, supporting a broad range of general retail and commercial…

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?
$127k
Tax billed · 2023
Assessed value$1.25M
Assessed land$585k
Assessed improvement$665k
Effective rate10.18%

Value estimate

· Oct 2026
$1.05M
$941k – $1.15M
Submarket $/SF estimate$2.47M

Realmo valuation models over county records.

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

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 agency23.1
Restaurant19.1
Parking Facility14.5

Location

3575 Grand Ave Gurnee, IL 60031
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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

3 recorded sales · 16 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6050 Gurnee Mls E, Gurnee, IL 60031-5272 $3,000,000 Jul 2025 46,450 SF
6525 Grand, Gurnee, IL 60031-1643 $16,850,000 Nov 2023 81,734 SF
1501 Tri State, Gurnee, IL 60031 $1,675,000 Jul 2019 45,210 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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