Gurnee, IL
Commercial Real Estate Market Trends & Data

$254 Avg asking sale price
$21 Avg asking lease rate
10,256 SF Avg unit lease size
22,795 SF Avg building size for sale
5.37% Average cap rate

Gurnee's Demographic Profile

Gurnee has 11,479 households and a median income of $103,701, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 29,979
# Households 11,479
Median age 42
Median household income $103,701
Avg household size 3.0
Renter-occupied housing units 3,487
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Gurnee, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Gurnee $222 3,667 SF 1.06%
Waukegan $142 5,186 SF 1.06%
Nearby Retail Markets Avg Cost/SF Typical Size
Gurnee $255 16,161 SF
Park City $583 3,000 SF
Waukegan $216 11,040 SF
Third Lake $156 5,039 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Waukegan $197 6,544 SF 9.54%
North Chicago $197 6,544 SF 9.54%
Antioch $214 8,080 SF 8.40%

Commercial Properties For Sale in Gurnee

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

"Triangle" adj. to Six Flags, divisible site

Gurnee, IL 60031

  • 44.18 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

7010 Grand Ave

Gurnee, IL 60031

  • 12,000 SF Retail Building
  • 6.65% Cap Rate
  • $3,550,000
For Sale

Harbor Freight Tools

Gurnee, IL 60031

  • 20,568 SF Retail Building
  • 7.25% Cap Rate
  • $1,654,510
For Sale

2180 Swanson Ct

Gurnee, IL 60031

  • 17,285 SF Industrial Building
  • $3,950,000
For Sale

3375 W Grand Ave

Waukegan, IL 60085

  • 10,244 SF Retail Building
  • $2,500,000
For Sale

6050 Gurnee Mills Cir E

Gurnee, IL 60031

  • 44,880 SF Retail Building
  • 7.00% Cap Rate
  • $7,530,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Gurnee pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Gurnee $254 22,795 SF
Park City $426 56,801 SF
Waukegan $178 28,666 SF
Third Lake $91 32,496 SF

Regional Demographic Comparison

This comparison places Gurnee alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Gurnee or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Gurnee 29,979 11,479 42 $103,701 3 3,487 -2%
Gages Lake 10,494 3,959 42 $98,645 3 813 -1%
Park City 7,310 2,361 33 $63,480 3 970 -3%
Waukegan 82,007 27,597 35 $60,269 3 14,538 -3%
Third Lake 1,136 397 43 $129,427 3 31 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Gurnee, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Gurnee

View All Commercial Real Estate For Sale in Gurnee
Is Gurnee a good market for a first-time commercial real estate investor?

Gurnee offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Gurnee?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Gurnee. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Gurnee?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Gurnee. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Gurnee compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Gurnee. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Gurnee acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Gurnee, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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