For Lease
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Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Church
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Church
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Spa & Massage Center Alternative Medicine Practice
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Insurance Agency
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Insurance Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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