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Financial
Distress signals
Property profile

7010 Grand Ave Gurnee, IL 60031

FOR SALE
Strip malls
Property ID
US28-1726987
4,938 SF 0.7 ac lot Built 1998
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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7010 Grand Ave, Gurnee, IL 60031 For Sale
Contact for pricing 4,938 SF
7010 Grand Ave, Gurnee, IL 60031
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Property summary

AI-generated overview

This 1,901 square foot retail space is available for lease at 7010 Grand Avenue in Gurnee, Illinois, within a multi-tenant building totaling 12,000 square feet. Built in 1993, the property boasts a prime location on the heavily trafficked Grand Avenue commercial corridor, boasting 32,900 vehicles per day. This storefront offers excellent visibility and accessibility. The property is situated approximately one mile west of the Gurnee Mills Shopping Center and two miles west of Interstate-94,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value$259k
Assessed land$109k
Assessed improvement$150k
Effective rate8.26%

Value estimate

· Oct 2026
$400k
$360k – $440k
NOI build-up
Gross scheduled income$174k
Vacancy & credit loss−$5k
Operating expenses−$51k
NOI · 3.34% cap applied$118k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
3.34%
$118k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.8
Realty agency10.1
Convenience Store9.6

Location

7010 Grand Ave Gurnee, IL 60031
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6050 Gurnee Mls E, Gurnee, IL 60031-5272 $3,000,000 Jul 2025 46,450 SF
6525 Grand, Gurnee, IL 60031-1643 $16,850,000 Nov 2023 81,734 SF
1501 Tri State, Gurnee, IL 60031 $1,675,000 Jul 2019 45,210 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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