This exceptional 9,997 square foot retail strip shopping center, known as Gurnee Plaza, presents a compelling investment opportunity. Strategically located at 3430 Grand Avenue in Gurnee, Illinois, this property boasts excellent visibility and accessibility. Currently anchored by established tenants T-Mobile and Jimmy John's, the center generates strong in-place income. However, significant value-add potential exists through leasing the currently vacant spaces. The property benefits from its prime location on Grand Avenue, near Green Bay Road, providing easy access to the Tri-State Tollway (I-294), Six Flags Great America, and Gurnee Mills shopping center. This high-traffic area is surrounded by a dense concentration of national retailers, including Walgreens, Starbucks, Jewel-Osco, Dollar Tree, TCF Bank, McDonald's, and Burger King, ensuring consistent customer flow. Gurnee, a thriving village of approximately 31,300 residents, has experienced an 8.5% population increase over the past decade, indicating a robust and growing market. This property offers a unique blend of stable income and significant upside, making it an ideal acquisition for discerning investors seeking a strong return on investment in a prime retail location. The property is offered at $1,450,000. The lot size is 0 acres.
Property Details
for 3430 Grand Ave
Property type
Commercial real estate
Square Feet
9,997 SF
Year Built
1960
Location Insight
City
Gurnee
County
Lake
State
Illinois
Latitude
42.37104
Longitude
-87.88626
Nearby Similar for Sale
For Sale
$1,550,000
Gurnee Commercial Land - 10 Acres
Prime Gurnee commercial land, high traffic, income potential.
Commercial real estate - High-income retail center, value-add potential.
Where is the commercial real estate located?
The property is located at 3430 Grand Ave Gurnee, IL.
What is the asking price?
The asking price for this property is $1,450,000.
How can I contact the broker?
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Grand Ave Gurnee, IL 60031
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
3430 Grand Ave
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