This 28,000-square-foot retail shopping center is situated on a 2+ acre site and is configured to accommodate 12 tenants. The property is located on Washington Street in Gurnee’s Professional District and provides access to the regional road network via proximity to the 41N and 41S highway exits. The center includes a mix of regional and national occupiers and has undergone capital improvements in recent years, with newer HVAC systems serving the majority of the building.

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?

$51k

Tax billed · 2023

Assessed value$527k

Assessed land$274k

Assessed improvement$253k

Effective rate9.76%

Value estimate

· Oct 2026

$745k

$671k – $820k

AI approach$745k

Submarket $/SF estimate$854k

Realmo valuation models over county records and 6 qualifying comparable sales.

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

Qualifying comparables6

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

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 agency25.5

Restaurant17.7

Pharmacy14.5

3900 Washington St Gurnee, IL 60031-5717

County assessor Recorded deeds · 5 transfers 6 qualifying comp sales 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

6 recorded sales · 15 properties nearby

Address Sale price Sold Size

401 Riverside, Gurnee, IL 60031-5907 $7,500,000 Dec 2025 23,275 SF

6517 Grand, Gurnee, IL 60031-1643 $16,850,000 Nov 2023 52,160 SF

6557 Grand, Gurnee, IL 60031-1607 $6,715,000 Apr 2023 21,395 SF

7500 Grand, Gurnee, IL 60031-1585 $2,700,000 Jun 2022 23,692 SF

5410 Grand, Gurnee, IL 60031-1735 $2,170,000 Apr 2022 20,179 SF

18824 Grand, Gurnee, IL 60031 $4,447,500 Nov 2020 20,286 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

Value Estimation by Request
23,275 SF

401 Riverside Dr

RETAIL STORES (PERSONAL SERVICES)

401 Riverside Dr, Gurnee, IL 60031-5907

View Details
Value Estimation
$2,205,000

22,575 SF

4949 Grand Ave

RETAIL STORES (PERSONAL SERVICES)

4949 Grand Ave, Gurnee, IL 60031-1821

View Details
Value Estimation
$2,545,000

21,426 SF

5250 Grand Ave

RETAIL STORES (PERSONAL SERVICES)

5250 Grand Ave, Gurnee, IL 60031-1877

View Details
Value Estimation
$1,115,000

14,976 SF

3615 Grand Ave

RETAIL STORES (PERSONAL SERVICES)

3615 Grand Ave, Gurnee, IL 60031-3769

View Details
Value Estimation
$1,025,000

11,734 SF

3701 Grand Ave

RETAIL STORES (PERSONAL SERVICES)

3701 Grand Ave, Gurnee, IL 60031-2966

View Details
Value Estimation
$955,000

10,400 SF

726 Il Rte 21

RETAIL STORES (PERSONAL SERVICES)

726 Il Rte 21, Gurnee, IL 60031-3835

View Details

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Street-Facing Retail Space

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Adaptable Retail Space

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Mixed-Use Property with Outlot

Commercial zoning supports retail, office, warehouse, self-storage, and drive-through uses by special permit.

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3900 Washington St Gurnee, IL 60031

Property summary