1504 Nations DrGurnee, IL 60031

Property Details for 1504 Nations Dr

Year built

2003

Construction

BRICK

Lot size

1.56 AC

Property size (Sq ft)

3,624 SF

Property type

Turn key restaurants

APN

07-15-113-002

APU

715113002

Description

This exceptional 2,230 square foot restaurant property, located at 1504 Nations Drive in Gurnee, Illinois, presents a unique investment opportunity. Previously operated as a KFC, this single-tenant building boasts a highly desirable drive-thru, a significant advantage in today's fast-paced market. Its strategic location off Grand Avenue, east of the highway and directly across from Six Flags Great America, ensures exceptional visibility and high traffic volume. The property benefits from a strong tenant mix in the immediate vicinity, including established businesses such as Starbucks, Chuck E. Cheese, and Culver's, creating a vibrant and attractive commercial environment. Ample parking is available for patrons, enhancing convenience and accessibility. Situated in Lake County (zip code 60031), this property offers a compelling combination of location, existing infrastructure, and high-traffic potential, making it an ideal investment for a variety of restaurant concepts. The building's existing layout and drive-thru infrastructure could significantly reduce start-up costs and time for a new operator. This is a rare opportunity to acquire a well-positioned restaurant property in a thriving commercial area. The property's size and location make it suitable for a variety of food service businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $961,904

  6.5%

  $887,911

  7%

  $824,489

• Comparable approach

  Method

  Valuation

  Relative Method

  $927,158

  Geo Method

  $1,189,506

• Alternative Use

  Use

  Valuation

  Residential

  $748,986

  Hospitality

  $686,067

  Educational

  $570,800

  Medical

  $590,431

  Retail

  $887,911

Location Insight

City

Gurnee

County

Lake

State

Illinois

Latitude

42.3802

Longitude

-87.9406

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].