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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Retail space
6409 Grand Ave, Gurnee, IL 60031-5261
Entity Owned
8-yr Hold
Free & Clear
Property ID
US28-0866149
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
BRICK
Total area
17,328 SF
Lot
2.22 ac (96,703 SF)
APN
07-16-101-023
UPID
US28-0866149
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Teriyaki Madness Take-out & Catering Catering Service
-
Wingstop Restaurant
-
Artisan Vapor & CBD Gurnee | Vape Shop | Disposables | Delta 8 THC | Elf Bar | EB Design | Smoke | 3Chi | Kratom (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
RE/MAX Showcase Real Estate Agency
-
Artisan Vapor & CBD Gurnee l Vape Shop l CBD Store l Smoke Shop | Kratom l Delta 8 THC | Elf Bar | Esco Bars | 3Chi (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.47M
Owner & transaction history
Gurnee Plaza 6409-11 LLC · 8 yrs held
Gurnee Plaza 6409-11 LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gurnee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gurnee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,205,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,940,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$48,009
Tax year 2023
Assessed value
$492,530
Assessed 2023
Previous assessed
$492,530
+0.0% YoY
Effective rate
9.75%
On assessed value
Assessed land
$314,824
Assessed improvement
$177,706
Land market value
$944,566
Improvement market value
$533,171
Total market value
$1,477,737
Applied tax rate
8,029.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
NONE
Total area
17,328 SF
Lot
2.22 ac (96,703 SF)
APN
07-16-101-023
UPID
US28-0866149
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
BRICK
Heating
NONE
Lot
2.22 ac
Current owner
From public records · entity-resolved
Gurnee Plaza 6409-11 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
242 BUNTING LN, BLOOMINGDALE, IL 60108-1420
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2018
—
Gurnee Plaza 6409-11 LLC
Trust 12611
Grant Deed
—
Sep 8, 2000
$310,000
Gurnee Plaza INC
Superior Development LLC
Trustees Deed
—
Sep 8, 2000
$3,970,000
Parkway Bank & Trust Co Ttee
Gurnee Plaza INC
Trustees Deed
related
$3,176,000 · Home State Bank
Jan 30, 1998
$2,292,000
Superior Development LLC
Amalgameted Bank Chicago Ttee
Trustees Deed
—
Jan 30, 1998
$925,000
Superior Development LLC
Amalgameted Bank Chicago Ttee
Trustees Deed
$2,300,000 · Harris Bank Woodstock
—
—
Gurnee Plaza 6409-11 LLC
—
Loan Modification
related
—
—
—
Gurnee Plaza 6409-11 LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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