3550 Grand Ave

3550 Grand Ave, Gurnee, IL 60031

Property Information

  • For Sale $1,654,510
  • Property Type Retail
  • Property Size 25,684 SF
  • Lot Size 1.52 Acre
  • Cap Rate % 7.25
  • Year Built 1972
  • Date Updated Aug 4, 2026

Description

» Positioned within the Chicago MSA – Ranked #3 in the United States for population size

» Harbor Freight has extended the lease multiple times since opening in 2014 – most recently through

June 2034 – demonstrating commitment to the location

» 7.5% rental escalation every five, next occurring in 2029

» Proximity to Gurnee Mills, one of the largest shopping centers in Illinois at nearly 2 million

square feet, anchored by Macy’s, Kohl’s, Bass Pro Shops Outdoor World, Dick’s Sporting Goods,

Burlington, and IKEA (coming soon)

» The site benefits from high vehicular traffic at the intersection of Grand Avenue (21,000 VPD)

and US Route 41 (37,000 VPD), with Green Bay Road located immediately to the east (33,000

VPD)

» Located within minutes of Interstate 94, one of northern Illinois’ primary transportation

arteries, which carries more than 100,000 vehicles per day

» Proximity to Six Flags Great America and Hurricane Harbor Chicago, a major regional entertainment destination attracting approximately 3 million annual visitors

» 170,000+ residents within five miles with average household income exceeding

$115,000

» Neighboring retailers include Jewel-Osco, Walgreens, Starbucks, McDonald’s,

Sherwin-Williams, Dollar Tree, Thornton’s, & several others

Contacts

Location

Located at 3550 Grand Ave, Gurnee, IL 60031, this property is part of the Crescent Meadows neighborhood and Chicago market.

Contact 3550 Grand Ave
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.