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Property profile & analytics
OFF-MARKET
Estimated value
$5,510,000
Outlet malls
6971 Grand Ave, Gurnee, IL 60031-1627
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0128858
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Construction
BRICK
Total area
34,527 SF
Lot
20.98 ac (913,889 SF)
APN
07-17-101-011
UPID
US28-0128858
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
-
DSW Designer Shoe Warehouse Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.43M
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$5.51M
Owner & transaction history
Dg Retail LLC · 2 yrs held
Dg Retail LLC
since 2023
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.1M
+85.0%
Commercial (general)
$6.3M
+42.7%
Auto repair, garage
$6.0M
+37.4%
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%
$5,885,000
6.5%
$5,430,000
7%
$5,045,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,390,000
Current use
OFFICE BUILDING
$8,125,000
Change: +85% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,265,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,035,000
Change: +37% · Conversion: Difficult
RESTAURANT
$5,890,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$5,850,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,865,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.51M
Range $4.96M – $6.06M · ±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
$160 / 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
$751,444
Tax year 2023
Assessed value
$7,940,506
Assessed 2023
Previous assessed
$7,709,229
+3.0% YoY
Effective rate
9.46%
On assessed value
Assessed land
$2,952,959
Assessed improvement
$4,987,547
Land market value
$8,859,763
Improvement market value
$14,964,137
Total market value
$23,823,900
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
NONE
Buildings
9
Total area
34,527 SF
Lot
20.98 ac (913,889 SF)
APN
07-17-101-011
UPID
US28-0128858
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
$4.4M
OFFICE BUILDING
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RESTAURANT
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
RETAIL STORES Current
OFFICE BUILDING
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
2000
Construction
BRICK
Heating
NONE
Buildings
9
Lot
20.98 ac
Current owner
From public records · entity-resolved
Dg Retail LLC
Entity
Mailing address
100 MSN RDG, GOODLETTSVILLE, TN 37072-2171
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
—
Dg Retail LLC
Krg Gurnee LLC
Lease
—
Dec 3, 2004
$44,256,500
Inland Western Gurnee LLC
Rubloff Gurnee Town Centre LLC
Grant Deed
—
Jun 5, 2002
—
Dalan Rubloff Gurnee LLC
—
Deed Of Trust
related
$27,600,000 · Mb Financial Bank NA
—
—
Rubloff Gurnee Town Centre LLC
—
Deed Of Trust
related
$28,150,000 · Lasalle National Bank
—
—
Inland Western Gurnee LLC
—
Deed Of Trust
related
$500,000 · J P Morgan Chase 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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