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Interstate 94 - "Triangle" adj. to Six Flags, divisible site 44.18 Acres of Commercial Land in Gurnee, IL 60031

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INVESTMENT HIGHLIGHTS

  • 23 million visitors annually to the Village of Gurnee - Six Flags, Gurnee Mills, Great Wolf Lodge
  • Site is highly visible with 2,000' of frontage on I-94. Unparalleled, wide/clear views of the site from tollway.
  • Anticipated 2 signalized intersections serving site.
  • Located at the halfway point between Chicago and Milwaukee.
  • 120,300 vehicles per day - most from I-94, additional from Illinois Route 21 and Washington St.

EXECUTIVE SUMMARY

Development friendly Village of Gurnee is seeking a developer or end users to create a mixed-use entertainment site complementary to nearby Six Flags Great America, Great Wolf Lodge, and Simon-owned Gurnee Mills. With 23 million annual visitors, Gurnee, Illinois, is a premier tourism destination halfway between Chicago and Milwaukee! Join us in turning this highly visible land site on Interstate 94 into a mixed-use entertainment destination! A master developer for this site will enjoy municipal support for a plan that combines retail, entertainment and dining with some multi-family. The Village of Gurnee is proud to collaborate with the (one) property owner to bring this vision to reality by offering $4M in infrastructure assistance, no municipal property tax, a streamlined entitlement process, and the opportunity for further incentives for anchor tenants. Note that the site is fully served by utilities, at the site, adequately sized to support this plan.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Conditions
Build to Suit
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Retail
  • Mixed Use
  • Multifamily
  • Hospitality
  • Hotel
  • Restaurant
  • Storefront, Retail or Office
Total Lot Size 44.18 AC
No. Stories 2
Zoning Mixed-Use Entertainment - Annexation and Rezoning available for an approved project.

1 LOT AVAILABLE

Lot Divisible

Lot Size 44.18 AC

Lot is divisible. For sale by 1 owner. 2,000' frontage on I-94 Chi-Milw, shares a traffic signal w/Six Flags Great America. Full utilities to the site. Municipality supports the plan & indicating $4++million incentive for major entertainment uses.

DESCRIPTION

This site shares a stoplight with Six Flags Great America theme park. It benefits from the 23 million visitors to nearby tourism attractions which also include Gurnee Mills shopping center and Great Wolf Lodge resort & waterpark. All utilities are to the site and the Village anticipates contributing $4.0 million for onsite infrastructure (internal roadways, traffic signal installation and modification, stormwater basin, and installation of water and sanitary.) Highly visible with 2,000' frontage along Interstate 94. Most importantly, this Mixed-Use Entertainment concept plan enjoys municipal support. Annexation/Rezoning are anticipated. Revenue sharing potential for anchor entities. No property tax is levied by the Village of Gurnee.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07-22-400-001
  • 07-22-400-011
  • 07-22-300-023
  • 07-22-400-054
  • 07-22-300-010
  • 07-22-300-011
  • 07-22-300-012
  • 07-22-400-003
  • 07-22-400-050
  • 07-22-400-052
  • 07-22-400-056
  • 07-22-400-002
  • 07-22-400-005
  • 07-22-300-008
  • 07-22-400-004
  • 07-22-300-009
Land Assessment
$34,181 CAD
Improvements Assessment
$25,624 CAD
Total Assessment
$59,806 CAD
  • Listing ID: 28147073

  • Date on Market: 2023-04-05

  • Last Updated:

  • Address: Interstate 94, Gurnee, IL 60031

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