3430 Grand AveGurnee, IL 60031

For Sale
$1,450,000

High-income retail center, value-add potential.

Overview

Added:
Feb 3
Days on market:
39
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
Other 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
3430 Grand Ave, Gurnee, Illinois

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3430 Grand Ave
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