NOT LISTED FOR SALE

6557 Grand Ave Gurnee, IL 60031

Estimated Value: $7,732,337

-- Bed
-- Bath
7,800 Sq Ft
$991/Sq Ft Est. Value

Last Sold October 17, 2013

Last sale price $4,375,000 $561 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $48,166/month

167 Days on Market

About This Home

As of October 2013

NNN corporate investment property. 6.25% cap rate. New 15 year lease and four 5-year renewals. Strong demographics. Contact LA for more information.

Last Agent to Sell the Property

Jim Tansey

Hawkeye Commercial Real Estate License #B44393000/471.017923 Listed on: 03/22/2013

Co-Listed By

David Gellerman

Hawkeye Commercial Real Estate License #B41332000/471.018117

Last Buyer's Agent

PAAR-NON RMLSA AGENT

Non-MLS License #0000000000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $72,771

Year Built

  • Built in 1995

Lot Details

  • 2.16

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$72,771

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1995
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Min Ceiling Ht Feet: 16
  • Total Building Sq Ft: 7800
  • Estimated Lot Sq Ft: 94090

Exterior Features

  • Exterior Finish: Stucco
  • Frontage Access: Paved 4Lane, Inside Lot, City Street
  • Insulation: Roof
  • Roof Construction: Flat
  • Wall Construction: Frame

Garage/Parking

  • Numberparking Spaces Allocated: 50

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas

Lot Info

  • Estimated Number of Acres: 2.16
  • Zoning: C
  • Geo Subdivision: IL

Rental Info

  • Sale Lease Includes: Building, Land
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 72771
  • Parcel Id Number Tax Id: 07172020120000
  • Tax Incentive: None
  • Tax Year: 2009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2023
Sold by
Irc Grand Hunt Center Llc
Bought by
Md7 Gurnee Llc
Current Estimated Value
$7,732,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,420,000
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 1, 2010
Sold by
Inland Real Estate Bat Llc
Bought by
Inland Grand Hunt Center Llc

Purchase Details

Closed on
Mar 28, 2008
Sold by
Chicago Title Land Trust Co
Bought by
Inland Real Estate Bat Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,300,000
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 1995
Sold by
Hunt Club Road Properties Associates Ltd
Bought by
Butler Real Estate Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Md7 Gurnee Llc $6,715,000 None Listed On Document
Inland Grand Hunt Center Llc -- None Available
Inland Real Estate Bat Llc -- None Available
Butler Real Estate Inc $962,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Md7 Gurnee Llc $107,315,000
Closed Md7 Gurnee Llc $4,420,000
Previous Owner Irc Grand Hunt Center Llc $105,000,000
Previous Owner Inland Real Estate Bat Llc $23,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2013 10/17/13 Sold $4,375,000 +1.8% $561 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
03/22/2013 03/22/13 For Sale $4,297,000 -- $551 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $76,329 $836,605 $330,519 $506,086
2023 $76,329 $776,720 $306,860 $469,860
2022 $73,504 $754,097 $297,922 $456,175
2021 $69,373 $754,097 $297,922 $456,175
2020 $85,745 $938,116 $493,154 $444,962
2019 $85,875 $938,113 $478,837 $459,276
2018 $84,943 $938,116 $470,879 $467,237
2017 $84,114 $911,234 $457,386 $453,848
2016 $83,688 $870,661 $437,021 $433,640
2015 $81,800 $825,741 $414,474 $411,267
2014 $80,692 $820,816 $412,002 $408,814
2012 $76,289 $827,102 $415,157 $411,945
Source: Public Records

Agents Affiliated with this Home

  • Jim Tansey

    Seller's Agent in 2013

    Jim Tansey

    Hawkeye Commercial Real Estate

    (319) 645-0088

    32 Total Sales

    Jim Tansey
    Section Image
  • David Gellerman

    Seller Co-Listing Agent in 2013

    David Gellerman

    Hawkeye Commercial Real Estate

    (319) 645-0087

    49 Total Sales

    David Gellerman
    Section Image

  • P

    Buyer's Agent in 2013

    PAAR-NON RMLSA AGENT

    Non-MLS

    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAQC7029817

RMLS Alliance

APN: 07-17-202-012

Illinois Lake County Gurnee 60031

6557 Grand Ave, Gurnee, IL

This home is located at 6557 Grand Ave, Gurnee, IL 60031 since 22 March 2013 and is currently estimated at $7,732,337, approximately $991 per square foot. This property was built in 1995. 6557 Grand Ave is a home located in Lake County with nearby schools including Woodland Primary School, Woodland Intermediate School, and Woodland Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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