Tri-State Parkway Redevelopment 8 Office Properties in Gurnee, IL

27.44 Acres Available For Sale | Tri-State Parkway Corporate Campus | Gurnee, Illinois
Exceptional Redevelopment Opportunity in the Heart of Lake County!
IREA is pleased to present a unique opportunity to acquire approximately 27.44 acres within the established Tri-State Parkway Corporate Campus in Gurnee, Illinois. Strategically positioned with immediate access to Interstate 94, this offering provides investors, developers, and owner-users with a rare chance to control a significant land position in one of Northern Illinois' most established business corridors.
Investment Highlights:
±27.44 Acres Total across multiple parcels within the Tri-State Parkway business park.
Flexible Redevelopment Potential suitable for office repositioning, medical office, industrial flex, educational users, self-storage, mixed-use concepts, hospitality, or other adaptive reuse opportunities, subject to municipal approvals.
Prime Interstate Access with convenient connectivity to Interstate 94, providing direct access to the greater Chicago metropolitan area, Milwaukee, and regional transportation networks.
Established Corporate Environment surrounded by national and regional businesses within the mature Tri-State Parkway office corridor.
Existing Infrastructure in Place, significantly reducing development timelines and costs compared to greenfield alternatives.
Multiple Value-Add Strategies available, including building repositioning, selective disposition of individual assets, campus consolidation, phased redevelopment, or long-term land banking.
Strong Demographics and Workforce Access supported by Lake County's affluent residential base and robust labor pool.
High Barriers to Entry with limited opportunities remaining to acquire a campus-scale assemblage of this size in the North Suburban market.
Potential for Phased Development, allowing developers to align future improvements with market demand while preserving flexibility.
Proximity to Major Regional Amenities, including retail centers, restaurants, hotels, and entertainment destinations, enhancing the appeal for both tenants and end users.
Location Advantages:
Immediate access to Interstate 94
Approximately 35 miles north of Downtown Chicago
Approximately 40 miles south of Milwaukee
Located within the highly regarded Lake County business community
Convenient access to regional airports, including O'Hare International Airport and Milwaukee Mitchell International Airport
A Rare Opportunity
Large-scale redevelopment opportunities in mature suburban markets are increasingly difficult to replicate. The Tri-State Parkway offering presents investors with the ability to capitalize on existing infrastructure, strategic location advantages, and a variety of execution strategies to unlock significant long-term value.
For additional information, site plans, surveys, and due diligence materials, please contact the listing team.