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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.

Triangle Redevelopment Marketing

Gurnee at a Glance

Property Facts

Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Conditions	Build to Suit Redevelopment Project	Proposed Use	Mixed Use Hospitality Restaurant Storefront, Retail or Office
No. Lots	1	Total Lot Size	44.18 AC
Property Type	Land

Sale Type	Investment or Owner User
Sale Conditions	Build to Suit Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use Hospitality Restaurant Storefront, Retail or Office
Total Lot Size	44.18 AC

1 Lot Available

Lot Divisible

Lot Size	44.18 AC

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

Parcel Numbers	Multiple 07-22-400-001 07-22-400-011 07-22-300-023 07-22-400-054 07-22-400-003 07-22-300-010 07-22-300-012 07-22-300-011 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	Improvements Assessment	$18,156
Land Assessment	$21,804	Total Assessment	$39,960

PROPERTY TAXES

Parcel Numbers

Multiple

07-22-400-001
07-22-400-011
07-22-300-023
07-22-400-054
07-22-400-003
07-22-300-010
07-22-300-012
07-22-300-011
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

$21,804

Improvements Assessment

$18,156

Total Assessment

$39,960

zoning

Zoning Code	Gurnee/Lake County (Unincorporated Lake County and Village of Gurnee. Annexation of the whole site and rezoning are contemplated in the context of an approved project.)
Gurnee/Lake County (Unincorporated Lake County and Village of Gurnee. Annexation of the whole site and rezoning are contemplated in the context of an approved project.)