Property profile

5420 Grand Ave Gurnee, IL 60031

OFF-MARKET
Hotels
Property ID
US28-4778180
35,730 SF 2.04 ac lot Built 1999
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1999
Construction FRAME
Total area 35,730 SF
Lot 2.04 ac (88,819 SF)
APN 07-15-106-009
UPID US28-4778180

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

Location

5420 Grand Ave Gurnee, IL 60031-1735
Gurnee metro Census 861508 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.24M
CAP Approach CAP
$3.70M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.28M

Owner & transaction history

since 2023
Last sale
$3.7M
1 recorded transaction
2023
$3.7M

Zoning & alternative use

Top alternative use upside
Commercial (general) $5.1M +117.1%
Restaurant $3.4M +45.3%
Medical building $3.1M +29.4%

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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