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    Property profile & analytics

    3894 Grv Ave Gurnee, IL 60031-2127

    • Warehouses
    • 5,462 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Last Sale
    Jun 10, 2022
    $430,000
    Location Intelligence
    Property ID
    US28-1835826
    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.

    Current Use by Public Records

    • Peak Plumbing Co. / Plumber / Plumbing Supply Store
    • Prosco Inc / Machining Manufacturer
    • APEC Services - Accurate Plumbing Estimates & Consulting / Building Consultant

    Property Details for 3894 Grv Ave

    Year built
    1987
    Construction
    BRICK
    Lot size
    0.35 lot acres
    Property size
    5,462 SF
    Property type
    Warehouses
    APN
    07-13-102-027
    APU
    713102027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $410,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $470,000
      Mixed-Use
      $415,000
      Hospitality
      $475,000
      Educational
      $450,000
      Residential Income
      $370,000
      Energy
      $390,000
      Income-Based Land
      $385,000
      Food Service
      $385,000

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.8997
    Latitude
    42.3792
    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
    $11,303
    $25,680
    $90,174
    $115,854
    -
    $77,048
    $270,549
    $347,597

    Comparable in this City

    • Value Estimation by Request
      1,732 SF

      1947 Delany Rd

      WAREHOUSE, STORAGE • 1,732 SF
      1947 Delany Rd, Gurnee, IL 60031-1204
      View Details
    • Value Estimation by Request
      180 SF

      605 Tri State Pkwy

      WAREHOUSE, STORAGE • 180 SF
      605 Tri State Pkwy, Gurnee, IL 60031-5277
      View Details
    • Value Estimation by Request
      22,000 SF

      3844 Swanson Ct

      Distribution properties • 22,000 SF
      3844 Swanson Ct, Gurnee, IL 60031
      View Details
    • Value Estimation by Request
      21,168 SF

      3816 Grandview Ave

      WAREHOUSE, STORAGE • 21,168 SF
      3816 Grandview Ave, Gurnee, IL 60031-2309
      View Details
    • Value Estimation by Request
      8,555 SF

      4155 Grv Ave

      WAREHOUSE, STORAGE • 8,555 SF
      4155 Grv Ave, Gurnee, IL 60031-2132
      View Details
    • Value Estimation
      $4,990,000
      78,340 SF

      4012 Morrison Dr

      WAREHOUSE, STORAGE • 78,340 SF
      4012 Morrison Dr, Gurnee, IL 60031-1243
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      77,500 SF

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      77,500 SF warehouse with 25,000 SF office space.
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      34,200 SF warehouse with office and outdoor storage.
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      17,285 SF

      Gurnee Industrial Facility For Sale

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      18,720 SF

      Gurnee Warehouse with Expansion Land

      18,720 SF warehouse with lease in place and expansion land.
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      5,547 SF

      Gurnee Industrial Flex Space Available

      5,547 SF flex space in Gurnee, Illinois for sale.
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    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Property on Grand Avenue

      Versatile commercial space with high visibility and flexible zoning.
      3575 Grand Ave, Gurnee, IL 60031
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    • $8 SF/Yr
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      Gurnee Village Commons: Flex Space Available

      Illinois Warehouse/Flex Space: 105,000 SF
      3575 Grand Ave, Gurnee, IL 60031
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    • $5 SF/Yr
      26,033 SF

      Gurnee Warehouse with Loading Docks

      26,033 SF warehouse with loading docks available for lease.
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    • Contact for pricing

      Gurnee Commercial Space For Rent

      First floor commercial unit in Gurnee near Hwy 41.
      3840 Grandview Ave, Gurnee, IL 60031
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      Gurnee Commercial Space for Rent

      Convenient Gurnee location with multiple possibilities.
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    • Contact for pricing
      26,836 SF

      Retail Space Near Gurnee Mills

      Retail space with high visibility near Gurnee Mills.
      6050 Gurnee Mills Cir E, Gurnee, IL 60031
      View Details
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    Gurnee, IL 60031-2127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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