3550 W Grand Ave | Gurnee, IL 60031
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- LoopNet Team
3550 W Grand Ave
Gurnee, IL 60031
Harbor Freight · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New lease extension through June 2034 demonstrating long-term plans for the location
- Located along Grand Ave (28,500 VPD), a primary east-west thoroughfare, and is immediately east of Highway 41 (37,900 VPD)
- Retailers in the trade corridor include Jewel-Osco, TCF Bank, Walgreens, Fifth Third Bank, Starbucks and McDonald’s
- 7.5% rental escalations every five years and in each renewal option
- The tenant recently reworked the lease to extend the primary term and added an additional option term
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,568 SF
Building Class
B
Year Built/Renovated
1975/2018
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.31
Lot Size
1.50 AC
Zoning
EGG - East Grand Gateway Overlay District
Parking
49 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
180’ on Grand Ave
PROPERTY TAXES
| Parcel Number | 07-13-421-006 | Improvements Assessment | $260,192 |
| Land Assessment | $196,320 | Total Assessment | $456,512 |
PROPERTY TAXES
Parcel Number
07-13-421-006
Land Assessment
$196,320
Improvements Assessment
$260,192
Total Assessment
$456,512
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