5550 GrandGurnee, IL 60031

  • Hotels
  • 50,576 SF
Off market
$26,750,150 Estimated

Property Details for 5550 Grand

Year built
1988
Construction
BRICK
Lot size
2.67 AC
Property size (Sq ft)
50,576 SF
Property type
Hotels
APN
07-15-110-001
APU
715110001

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,372,540
    6.5%
    $9,574,653
    7%
    $8,890,749
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,066,396
    Geo Method
    $15,480,681
  • Alternative Use

    Use
    Valuation
    Residential
    $10,452,739
    Hospitality
    $9,574,653
    Educational
    $7,965,998
    Medical
    $8,239,962
    Retail
    $12,391,553

Location Insight

City
Gurnee
County
Lake
State
Illinois
Latitude
42.3793
Longitude
-87.9384
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
$185,615
$419,828
$1,367,923
$1,787,751
-
$1,259,610
$4,104,179
$5,363,789

Property Visit Statistics

  • Visits by month
    6.2k
  • Visitors by month
    3.2k
  • Avg Time on site
    365 min

FAQs

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