7010 Grand AveGurnee, IL 60031

Property Details for 7010 Grand Ave

Year built

1998

Construction

BRICK

Lot size

0.70 AC

Property size (Sq ft)

4,938 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

07-08-310-045

APU

708310045

Description

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, providing convenient access for customers and employees. Strong co-tenancy includes established businesses such as Firestone, Tropical Smoothie Cafe, and Jimano's Pizza. The area is densely populated with numerous retail options, including Walmart, Jewel-Osco, Target, Sam's Club, TJ Maxx, Binny's, Mariano's, The Great Escape, Ross Dress for Less, Burlington, Starbucks, Panda Express, McDonald's, Noodles & Company, Einstein Bros Bagels, Panera Bread, Chili's, Five Guys, Outback Steakhouse, Denny's, Chase Bank, and First American Bank. This location presents a significant opportunity for businesses seeking high visibility and a strong customer base in a thriving retail environment. The property is located in Lake County, Illinois, with a zip code of 60031.

• CAP approach

  CAP return

  Valuation

  6%

  $1,310,673

  6.5%

  $1,209,852

  7%

  $1,123,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,263,330

  Geo Method

  $1,620,800

• Alternative Use

  Use

  Valuation

  Residential

  $1,020,556

  Hospitality

  $934,824

  Educational

  $777,762

  Medical

  $804,511

  Retail

  $1,209,852

Location Insight

City

Gurnee

County

Lake

State

Illinois

Latitude

42.3864

Longitude

-87.9765

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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