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    Property profile & analytics

    7799 Grand Ave Gurnee, IL 60031-1515

    • Turn key restaurants
    • 10,998 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimation
    $7,110,000
    Last Sale
    Dec 27, 2022
    $6,873,000
    Location Intelligence
    Property ID
    US28-0228526
    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.

    Current Use by Public Records

    • Cooper’s Hawk Winery & Restaurants- Gurnee / American Restaurant / Seafood Restaurant

    Property Details for 7799 Grand Ave

    Year built
    2022
    Construction
    FRAME
    Lot size
    2.50 lot acres
    Property size
    10,998 SF
    Property type
    Turn key restaurants
    APN
    07-18-108-045
    APU
    718108045

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,900,000
      6.5%
      $6,940,000
      7%
      $6,440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,035,000
      Geo Method
      $7,485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,110,000
      Retail
      $7,580,000
      Mixed-Use
      $5,795,000
      Hospitality
      $6,275,000
      Educational
      $6,245,000
      Residential Income
      $7,450,000
      Energy
      $6,120,000
      Income-Based Land
      $7,090,000
      Food Service
      $5,635,000

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.9945
    Latitude
    42.3853
    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
    $26,497
    $275,968
    $801,229
    $1,077,197
    -
    $827,987
    $2,403,927
    $3,231,914

    Comparable in this City

    • Value Estimation
      $480,000
      7,835 SF

      7680 Grand Ave

      RESTAURANT • 7,835 SF
      7680 Grand Ave, Gurnee, IL 60031-1554
      View Details
    • Value Estimation
      $1,730,000
      6,936 SF

      6577 Grand Ave

      RESTAURANT • 6,936 SF
      6577 Grand Ave, Gurnee, IL 60031-1643
      View Details
    • Value Estimation
      $2,030,000
      8,271 SF

      6230 Grand Ave

      RESTAURANT • 8,271 SF
      6230 Grand Ave, Gurnee, IL 60031-4522
      View Details
    • Value Estimation
      $435,000
      3,019 SF

      1275 Delany Rd

      RESTAURANT • 3,019 SF
      1275 Delany Rd, Gurnee, IL 60031-2009
      View Details
    • Value Estimation
      $635,000
      5,031 SF

      6550 Grand Ave

      RESTAURANT • 5,031 SF
      6550 Grand Ave, Gurnee, IL 60031-1621
      View Details
    • Value Estimation
      $4,285,000
      5,635 SF

      6030 Grand Ave

      RESTAURANT • 5,635 SF
      6030 Grand Ave, Gurnee, IL 60031-1611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,220 SF

      Gurnee Restaurant Building on Corner

      7,220 SF restaurant on 2.18 AC corner lot.
      6577 Grand Ave, Gurnee, IL 60031
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    • $1,500,000
      7,800 SF

      Gurnee Restaurant - Turnkey Opportunity

      Established Restaurant, 7,800 SF, Prime Location
      7680 Grand Ave, Gurnee, IL 60031
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    • $1,749,000
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      Gurnee, IL Mixed-Use Investment

      19,000 SF Industrial/Retail Opportunity
      3500 Grand Ave, Gurnee, IL 60031
      View Details
    • Contact for pricing
      142,073 SF

      Freestanding Retail Building in Gurnee

      Retail building in established commercial corridor near major attractions.
      7735 Grand Ave, Gurnee, IL 60031
      View Details
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      Gurnee Town Center Retail Space

      Dominant power center in Gurnee's regional trade area.
      7105 Grand Ave, Gurnee, IL 60031
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    • $1,025,000
      0.86 Acres

      Gurnee Commercial Investment Opportunity

      Versatile commercial property in Gurnee with flexible zoning.
      34498 N Old Walnut Cir, Gurnee, IL 60031
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    Similar Nearby for Lease

    • Contact for pricing
      26,836 SF

      Retail Space Near Gurnee Mills

      Retail space with high visibility near Gurnee Mills.
      6050 Gurnee Mills Cir E, Gurnee, IL 60031
      View Details
    • Contact for pricing
      37,462 SF

      Gurnee Commercial Space For Rent

      New commercial building in Gurnee, ideal for retail or office.
      34498 N Old Walnut Cir, Gurnee, IL 60031
      View Details
    • Contact for pricing
      80,000 SF

      Gurnee Office Space for Lease

      Prime Gurnee location, multiple office suites.
      5101 Washington St, Gurnee, IL 60031
      View Details
    • Contact for pricing
      5,111 SF

      Retail Space in Gurnee Center

      Regional shopping destination with national retailers and restaurants.
      7055 Grand Ave, Gurnee, IL 60031
      View Details
    • Contact for pricing
      149,957 SF

      Stonebrook Commons Retail Space

      Gurnee, IL: Prime Retail Outparcel Available
      0 Sec Grand Ave & Stonebrook Dr, Gurnee, IL 60031
      View Details
    • Contact for pricing

      Gurnee Commercial Space For Rent

      Commercial space in Gurnee, suitable for automotive or retail businesses.
      3816 Grandview Ave, Gurnee, IL 60031
      View Details
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    Gurnee, IL 60031-1515
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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