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775 Illinois Rte 21 - 775 S IL Route 21 25.9 Acres of Industrial Land in Gurnee, IL 60031

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Investment Highlights

  • Prime infill land with PUD zoning, utilities to the lot line, and strong Milwaukee Avenue frontage.
  • Concept plan demonstrates efficient building placement, circulation, and dedicated stormwater management.
  • Gurnee Triangle location benefits from established residential density, retail services, and a solid labor pool.
  • Immediate connectivity to the Tri-State Tollway, enabling direct access to the Chicago and Milwaukee markets.
  • Industrial outside storage area shown in plan supports logistics or construction-oriented operations.

Executive Summary

Prime Gurnee location near I-94 Interchange. I-94 (Tri-State Tollway) runs through the village of Gurnee, Illinois and provides regional connectivity to Chicago and Milwaukee.

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
  • Office
  • Medical
  • Research and Development
Total Lot Size 25.90 AC
Zoning PUD

1 Lot Available

Lot

Lot Size 25.90 AC

Vacant land fronting Illinois Route 21 (Milwaukee Ave), a major north-south arterial. Lake County. Sewer, Water, Electrical to site. West Lot 12.5 acres; East Lot 5 acres. PUD Zoning. 6.2 acres of wetland.

Description

Marketing Summary For Sale Note Positioned along Milwaukee Avenue with prominent frontage and visibility, this PUD-zoned site in Gurnee offers a rare, development-ready opportunity with immediate access to the Tri-State Tollway. The location sits roughly one half mile from the I-94 northbound interchange and about three miles from the southbound access, enabling efficient regional connectivity to both Chicago and Milwaukee. Sewer, water, and electrical service are at the site, reducing lead time for vertical development and supporting a range of commercial or light industrial uses envisioned by the Village and surrounding business base. The property totals about 25.9 acres within the Gurnee Triangle and includes two primary development pads identified in the materials. The west pad is approximately 12.5 acres and the east pad is approximately 5 acres, each illustrated with a 35 percent FAR concept, while the balance of the acreage accommodates stormwater management, industrial outside storage, circulation, and open space. A conceptual plan depicts a modern distribution or flex configuration with associated trailer and auto parking, IOS, and a dedicated detention area, signaling logical site capacity and circulation patterns for today’s users. Prominent frontage along IL-21 supports branding and efficient truck access, while nearby residential and employment nodes offer a strong labor draw. Developers and owner-users can capitalize on the site’s infill positioning, utility availability, and flexible PUD pathway to deliver industrial, flex, or service-commercial product that benefits from high visibility and exceptional tollway access. All development outcomes remain subject to municipal approvals and buyer due diligence, and nothing herein is intended as legal or zoning advice.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 07-27-300-074
  • 07-27-300-071
Land Assessment
$10,779
Improvements Assessment
$0
Total Assessment
$10,779
  • Listing ID: 38971061

  • Date on Market: 1/5/2026

  • Last Updated:

  • Address: 775 Illinois Rte 21, Gurnee, IL 60031

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