4830 Grand Ave Gurnee, IL 60031-2618
Property profile & analytics
4830 Grand Ave Gurnee, IL 60031-2618
- Retail space
- 486 SF
- 0.58 lot acres
Property ID
US28-3517782
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens / Pharmacy
- Walgreens Pharmacy / Pharmacy
- Citibank ATM / Atm
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
Property Details for 4830 Grand Ave
- Year built
- 2001
- Construction
- BRICK
- Lot size
- 0.58 lot acres
- Property size
- 486 SF
- Property type
- Retail space
- APN
- 07-14-301-027
- APU
- 714301027
Description
This exceptional investment opportunity presents a fee-simple, single-tenant net-leased Walgreens property located at 4830 Grand Ave, Gurnee, IL 60031. The 15,022 square foot building sits on a hard-corner, signalized intersection of Grand Ave and Riverside Dr, boasting over 29,500 vehicles per day. Its prime location benefits from proximity to major traffic generators, including Six Flags Great America and Interstate 94 (a main corridor between Chicago and Milwaukee with over 90,000 VPD at Grand Ave). The property features a Walgreens lease with approximately 2.1 years remaining, followed by seven five-year option periods. The lease commenced on December 29, 2001, and the current term expires December 31, 2026. Walgreens, a tenant with an investment-grade credit rating of "BBB-" by Fitch, has recently extended the lease, demonstrating the strength of this location. The asking price is $4,154,000, representing a price per square foot of $276.53 and a 6.50% cap rate with a current NOI of $270,000. The property benefits from strong store sales volume and minimal landlord responsibilities due to the net lease structure. The surrounding area boasts a population exceeding 168,423 within a 5-mile radius and an average household income over $102,890 within the same radius. This presents a compelling opportunity for investors seeking a stable, high-yield investment with a strong tenant and excellent location.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.9227
- Latitude
- 42.3735
- 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
$53,960
$47,526
$505,537
$553,063
-
$142,592
$1,516,763
$1,659,355
