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    3575 Grand Ave Gurnee, IL 60031

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    3575 Grand Ave Gurnee, IL 60031


    • Outlet malls
    • 80,881 SF
    • 6.31 lot acres
    Mixed-Use Property on Grand Avenue For Lease
    $2,725,000
    47,303 SF

    Mixed-Use Property on Grand Avenue

    Mixed-use property with retail, office, and warehouse space available.

    3575 Grand Avenue, Gurnee, IL 60031
    View Listing
    Property ID
    US28-1550021
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Disciples For Christ Worship / Church
    • Members Church of God International / Church
    • Magic Body Studios / Spa & Massage Center / Alternative Medicine Practice
    • Carmen Barnes - COUNTRY Financial Agent / Insurance Agency
    • Erica Rodriguez - COUNTRY Financial Agent / Insurance Agency

    Property Details for 3575 Grand Ave

    Year built
    1954
    Construction
    BRICK
    Lot size
    6.31 lot acres
    Property size
    80,881 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    07-24-200-002
    APU
    724200002

    Description

    Gurnee Village Commons offers a unique investment opportunity in a prime Lake County, Illinois location. This 105,000 square foot mixed-use property, classified as Class B, sits on six acres of land at 3575 Grand Ave, Gurnee, IL 60031. The single-story building, constructed in 1965, features a 14-foot ceiling height and boasts multiple suites, with a minimum divisible space of 786 square feet and a maximum contiguous space of 48,303 square feet. The property includes 340 parking spaces and two drive-in bays. Its strategic location on Grand Avenue (Route 132), between Green Bay Road and Skokie Highway (US 41), provides exceptional visibility and accessibility. With over 450 feet of frontage on Grand Avenue, the property benefits from high traffic counts of nearly 30,000 vehicles per day. The area's population within a three-mile radius exceeds 100,000 residents, and the property is approximately two miles east of Six Flags Great America. Zoning allows for a variety of uses, including retail, office, general commercial, self-storage, and drive-through restaurants (with special use permit). An outlot is available for ground lease. This property presents a compelling opportunity for businesses seeking flexible warehouse or flex space in a high-traffic, densely populated area.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,466,000
      Market price range: $2.47M - $8.39M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.8889
    Latitude
    42.3697
    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
    $127,246
    $584,875
    $665,474
    $1,250,349
    -
    $1,754,800
    $1,996,622
    $3,751,422
    View Listing
    More about this property
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