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3550 W Grand Ave
Gurnee, IL 60031

$1,654,510 USD

Freestanding For Sale  •  20,568 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 20,568 SF
  • Lot Size 1.5 AC
  • Building Class B
  • Year Built 1975
  • Cap Rate 7.25 %
  • Tenancy Single
  • Zoning EGG
30 Transit Score
60 Walk Score

Highlights

Positioned within the Chicago MSA – Ranked #3 in the United States for population size
Harbor Freight has extended the lease multiple times since opening in 2014 – most recently through June 2034 – demonstrating commitment to the locatio
7.5% rental escalation every ?ve, next occurring in 2029
Proximity to Gurnee Mills, one of the largest shopping centers in Illinois at nearly 2 million square feet, anchored by Macy’s, Kohl’s, Bass Pro Shops
The site bene?ts from high vehicular traffic at the intersection of Grand Avenue (21,000 VPD) and US Route 41 (37,000 VPD), with Green Bay Road
Located within minutes of Interstate 94, one of northern Illinois’ primary transportation arteries, which carries more than 100,000 vehicles per day

Property Flyers

Cap Rate: 7.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Harbor Freight Tools 6/30/2034

Public Transportation

Commuter RailDriveWalkDistance
Waukegan Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 9 min - 3.7 mi
North Chicago Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 11 min - 5.3 mi
AirportDriveWalkDistance
Chicago O'Hare International 42 min - 32.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 49
Type: Surface
Included in Rent: Yes
Randy Blankstein 847-562-0003 The Boulder Group
Randy Blankstein 847-562-0003 The Boulder Group