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Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Retail space
6447 Grand Ave, Gurnee, IL 60031-1615
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-0124474
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
BRICK
Total area
14,878 SF
Lot
1.75 ac (76,230 SF)
APN
07-16-101-013
UPID
US28-0124474
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
-
MOD Pizza Restaurant
-
The Vitamin Shoppe (Bike/Boat/Book/etc) Store Pharmacy
-
Navy Federal Credit Union Credit Union
-
European Wax Center Spa & Massage Center Skin Care Clinic
-
Mattress Firm Gurnee - Grand Ave and Hunt Club Road Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.88M
Owner & transaction history
Gurnee Lm Properties LLC · 9 yrs held
Gurnee Lm Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+42.7%
Auto repair, garage
$2.6M
+37.4%
Restaurant
$2.5M
+34.1%
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%
$2,535,000
6.5%
$2,340,000
7%
$2,175,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,895,000
Current use
COMMERCIAL (GENERAL)
$2,700,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,600,000
Change: +37% · Conversion: Difficult
RESTAURANT
$2,540,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$2,520,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,665,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±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
$126 / 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
$84,881
Tax year 2023
Assessed value
$896,942
Assessed 2023
Previous assessed
$870,818
+3.0% YoY
Effective rate
9.46%
On assessed value
Assessed land
$411,745
Assessed improvement
$485,197
Land market value
$1,235,359
Improvement market value
$1,455,737
Total market value
$2,691,096
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
2016
Construction
BRICK
Heating
NONE
Total area
14,878 SF
Lot
1.75 ac (76,230 SF)
APN
07-16-101-013
UPID
US28-0124474
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
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
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
2016
Construction
BRICK
Heating
NONE
Lot
1.75 ac
Current owner
From public records · entity-resolved
Gurnee Lm Properties LLC
Entity
Mailing address
1401 S BRENTWOOD BLVD STE #520, SAINT LOUIS, MO 63144-1433
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2017
$9,300,000
Gurnee Lm Properties LLC
Gurnee Investment Partners LLC
Special Warranty Deed
$6,890,000 · Great Southern Bank
Mar 8, 2017
—
Gurnee Lm Properties LLC
—
Loan Modification
related
$6,890,000 · Great Sthrn Bk
Jan 5, 2016
—
Gurnee Investment Partners LLC
—
Trustees Deed
related
$4,650,000 · Associated Bk
Jan 31, 2014
$1,925,000
Gurnee Investment Partners LLC
81 Remington Road LLC
Warranty Deed
$1,540,000 · Heartland Bank & Trust Co
Oct 11, 2007
$2,695,000
81 Remington Road LLC
Ge Cap Franchise Finance Corp
Grant Deed
$1,617,000 · Tcf National Bank
Aug 16, 2005
$2,410,500
Ge Cap Franchise Finance Corp
Appleland LLC
Grant Deed
—
Dec 2, 1998
$1,098,000
Appleland LLC
Avado Brands INC
Grant Deed
$1,098,000 · Finova Capital Corp
—
—
81 Remington Road LLC
—
Deed Of Trust
related
$1,462,386 · Tcf National Bank
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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