For Sale
Gurnee, IL
Commercial Real Estate Market Trends & Data
$177
Avg asking sale price
$21
Avg asking lease rate
9,250 SF
Avg unit lease size
99,323 SF
Avg building size for sale
5.75%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Gurnee | $96 | 192,764 SF | 8.00% |
| Park City | $183 | 22,936 SF | 8.00% |
| Waukegan | $134 | 6,896 SF | 8.00% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Gurnee | $243 | 14,398 SF |
| Park City | $583 | 3,000 SF |
| Waukegan | $196 | 10,165 SF |
| Third Lake | $156 | 2,878 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Waukegan | $197 | 6,544 SF | 9.54% |
| Abbott Park | $274 | 6,544 SF | 9.54% |
| North Chicago | $197 | 6,544 SF | 9.54% |
Commercial Properties For Sale in Gurnee
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $177 | 99,323 SF |
| Park City | $445 | 10,386 SF |
| Waukegan | $168 | 20,729 SF |
| Third Lake | $126 | 38,820 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.
Nearby Market Trends
- Kenosha Market Trends
- Waukegan Market Trends
- Wildwood Market Trends
- Buffalo Grove Market Trends
- Grayslake Market Trends
- Vernon Hills Market Trends
- Libertyville Market Trends
- North Chicago Market Trends
- Mundelein Market Trends
- Pleasant Prairie Market Trends
- Lake Villa Market Trends
- View more
- View less
