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3550 W Grand Ave
Gurnee, IL 60031
Harbor Freight Tools · Retail Property For Sale

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

ABOUT 3550 W GRAND AVE , GURNEE, IL 60031

A Corporate Harbor Freight Tools with 10 years remaining, located in Gurnee, IL. The lease structure is double-net with two 5-year options, and rent increases every 5 years. Harbor Freight recently waived the kickout clause in the lease, and extended the initial term by 4 years, demonstrating its commitment to the site. The subject property is located on Grand Avenue in a dense retail node, and benefits from traffic counts that exceed 28,500 VPD. Gurnee is within the Chicago MSA, which is the 3rd largest MSA in the U.S., and has a population exceeding 9.5 million. The subject property is in close proximity to Six Flags Great America, which acts as a regional draw with 15 roller coasters, a 20-acre water park, and themed children’s areas with over 30 rides. Harbor Freight is also just 5 miles away from Gurnee Mills, an outlet mall which features over 200 national retailers. A combined 26+ million people visit these two attractions each year, creating a significant draw to the area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-13-421-006
Land Assessment
$196,320
Improvements Assessment
$260,192
Total Assessment
$456,512
  • Listing ID: 13191504

  • Date on Market: 7/17/2018

  • Last Updated:

  • Address: 3550 W Grand Ave, Gurnee, IL 60031

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