Property profile

3740 Grand Ave Gurnee, IL 60031

OFF-MARKET
Hotels
Property ID
US28-3579656
14,664 SF 0.71 ac lot Built 1985
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1985
Construction FRAME
Total area 14,664 SF
Lot 0.71 ac (31,006 SF)
APN 07-13-400-060
UPID US28-3579656

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

3740 Grand Ave Gurnee, IL 60031-2948
Gurnee metro Census 861507 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.33M
CAP Approach CAP
$1.52M
Comparable Approach Comparable
$935k
Blend (final) Blend
$1.29M

Owner & transaction history

since 2023
Last sale
$1.1M
4 recorded transactions
2023
$1.1M
2019
Price N/A
2018
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.4M +45.3%
Medical building $1.3M +29.4%
Auto repair, garage $1.2M +27.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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