Property profile

6440 Grand Ave Gurnee, IL 60031

OFF-MARKET
Retail space
Property ID
US28-1933875
9,155 SF 2.8 ac lot Built 2018
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2018
Construction BRICK
Total area 9,155 SF
Lot 2.8 ac (121,968 SF)
APN 07-09-301-012
UPID US28-1933875

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
  • Take-out & Catering Catering Service
  • Physician
  • Employment Agency
  • Medical Clinic
  • Physician

Location

6440 Grand Ave Gurnee, IL 60031-5257
Gurnee metro Census 861604 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.44M
Comparable Approach Comparable
$950k
Blend (final) Blend
$1.23M

Owner & transaction history

since 2019
7 recorded transactions
2019
$10.7M
2018
Price N/A
2017
Price N/A
2017
Price N/A
2008
$185.6M
2007
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.7M +42.7%
Auto repair, garage $1.6M +37.4%
Restaurant $1.6M +34.1%

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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