7680 Grand Ave Gurnee, IL 60031
Property profile & analytics
7680 Grand Ave Gurnee, IL 60031
- Turn key restaurants
- 7,835 SF
- 0.57 lot acres
Property ID
US28-1752620
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Salutos Pizza & Pasta / Restaurant
Property Details for 7680 Grand Ave
- Year built
- 1990
- Construction
- BRICK
- Lot size
- 0.57 lot acres
- Property size
- 7,835 SF
- Property type
- Turn key restaurants
- APN
- 07-07-407-017
- APU
- 707407017
Description
This exceptional 7,800 square foot restaurant located at 7680 Grand Avenue in Gurnee, Illinois, presents a truly turnkey opportunity for a discerning buyer. The property is priced at $1,299,000 and offers a fully operational kitchen, complete with all necessary furniture, fixtures, and equipment (FFE). The inviting interior includes a distinctive bar area featuring a unique built-in tree design, adding a touch of character and ambiance. A significant advantage is the inclusion of a second-level party room, providing versatile space for private events, celebrations, or expanded dining capacity. This adds considerable value and potential for increased revenue streams. The property sits on a sizable lot, offering ample space for outdoor seating, potential expansion, or additional development. The prime location on Grand Avenue in Gurnee ensures high visibility and accessibility, making it an ideal setting for a thriving restaurant business. This is a rare opportunity to acquire an established and well-equipped restaurant in a desirable location, ready for immediate operation and poised for continued success. The property is ready to welcome guests and create unforgettable dining experiences. All aspects of the business are in place, allowing for a seamless transition for the new owner.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $425,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $625,000
- AI Estimate
- $528,000
Market price range: $626k - $2.55MMarket price range: $528k - $1.02M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.992
- Latitude
- 42.3864
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$38,847
$46,714
$240,720
$287,434
-
$140,156
$722,232
$862,388
