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    Property profile & analytics

    5499 Grand Ave Gurnee, IL 60031-1786

    • Grocery and convenience stores
    • 4,608 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    $565,000
    Location Intelligence
    Property ID
    US28-4811499
    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

    • Speedway / Gas Station / Convenience Store
    • Speedy Cafe / Restaurant
    • LibertyX Bitcoin ATM / Atm
    • Laredo Taco Company / Mexican Restaurant

    Property Details for 5499 Grand Ave

    Year built
    2016
    Construction
    BRICK
    Lot size
    0.57 lot acres
    Property size
    4,608 SF
    Property type
    Grocery and convenience stores
    APN
    07-15-310-001
    APU
    715310001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.9387
    Latitude
    42.3779
    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
    $36,182
    $124,458
    $245,535
    $369,993
    -
    $373,411
    $736,679
    $1,110,090

    Comparable in this City

    • Value Estimation
      $925,000
      1,886 SF

      226 Il Rte 21

      CONVENIENCE STORE • 1,886 SF
      226 Il Rte 21, Gurnee, IL 60031-3811
      View Details
    • Value Estimation
      $1,285,000
      4,112 SF

      18450 Grand Ave

      CONVENIENCE STORE • 4,112 SF
      18450 Grand Ave, Gurnee, IL 60031-1561
      View Details
    • Value Estimation
      $1,600,000
      5,587 SF

      350 Hunt Clb Rd

      CONVENIENCE STORE • 5,587 SF
      350 Hunt Clb Rd, Gurnee, IL 60031-2502
      View Details
    • Value Estimation
      $695,000
      880 SF

      4885 Grand Ave

      CONVENIENCE STORE • 880 SF
      4885 Grand Ave, Gurnee, IL 60031-2625
      View Details
    • Value Estimation by Request
      2,400 SF

      1188 Skokie Hwy

      CONVENIENCE STORE • 2,400 SF
      1188 Skokie Hwy, Gurnee, IL 60031-2906
      View Details
    • Value Estimation
      $380,000
      3,814 SF

      3688 Grand Ave

      CONVENIENCE STORE • 3,814 SF
      3688 Grand Ave, Gurnee, IL 60031-3738
      View Details

    Similar Nearby for Sale

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      New commercial building in Gurnee, ideal for retail or office.
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      Retail space with high visibility near Gurnee Mills.
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      Mixed-Use Property on Grand Avenue

      Mixed-use property with retail, office, and warehouse space available.
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      Stonebrook Commons Retail Space

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      Gurnee Retail Space For Lease

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      View Details

    Property Visit Statistics

    • Visits by month
      49.3k
    • Visitors by month
      32.7k
    • Avg Time on site
      9 min
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    5499 Grand Ave
    Gurnee, IL 60031-1786
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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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