he strength of Gurnee’s business community can be measured in many ways. For the corporate and business leaders whose companies call Gurnee home, it is an ideal location with a strong, vibrant business-friendly environment, a skilled and well-educated workforce and other business, civic and community amenities many companies seek. Ideally situated along the major expressway corridor midway between Milwaukee and Chicago, business-friendly amenities include:
GURNEE INDUSTRIAL PROPERTY STATS Lease rates $5-9 PSF; average asking $7.21 NNN 10 percent vacancy, which is lower than the 5-year average of 13.4 percent Industrial-zoned acres in Gurnee: 467, representing 5.34 percet of total acreage in Gurnee
A well-educated workforce, including more than 400,000 people of working age within a 30-minute drive and 60 percent with a bachelor’s degree or higher. Low taxes and low operating costs – the Village of Gurnee levies no property tax and no utility tax. Three non-tolled interchanges on Interstate 94, as well as proximity to Routes 41,45 and 21. Two international airports within an hour’s drive and Waukegan National Airport nearby. Rail access via Union Pacific Railroad with several industrial spurs.
From manufacturing to technology, large corporate operations to mid-size and smaller business enterprises, Gurnee’s got it all, said Ellen Dean, Gurnee’s economic development director, who says it’s no surprise how the Village of Gurnee has transformed itself from a sleepy, little town of 3,000 residents in 1970 to an economic powerhouse of approximately 31,000 residents today. MANUFACTURING = QUALITY JOBS Bringing highly skilled, manufacturing jobs to Gurnee is a top economic development priority for the Village of Gurnee. Twenty-two percent of Gurnee residents who are in the labor force report being employed in manufacturing and wholesale trade according to a recent American Community Survey. The average annual manufacturing wages in Gurnee are 50 percent higher than across all occupations. Gurnee’s highly educated population is a good match for the highly skilled, lucrative manufacturing jobs of today.
GURNEE’S INDUSTRIAL PARKS Gurnee is home to 1,100 businesses and keeping it all in balance is something that Gurnee has done very well over the years. These businesses comprise 4.3 million square feet in 14 office or industrial parks, and 5.3 million square feet of retail in 22 shopping centers. Gurnee’s industrial parks – filled with businesses engaged in manufacturing or wholesale trade – are located in close proximity to Route 41 or I-94.
NEAR ROUTE 41 ■
HAWTHORNE & ALLIED INDUSTRIAL PARK Northwestern Avenue, south of Sunset
Constructed mid-1970’s to 1990 this park features multi-tenant and some single tenant occupants. Most buildings are in the 4060,000 square foot range.
DELANY BUSINESS CENTER Delany Road and Sunset Avenue
Constructed mid-1990’s to mid-2000’s, the Delany Business Center includes a mix of single and multi-tenant buildings ranging from 30,000 to 75,000 square feet. This park includes a mix of Class A, B and C manufacturing operations. ■
GURNEE CENTER FOR COMMERCE & INDUSTRY AND GURNEE INDUSTRIAL PARK Delany Road and Route 41
Constructed late 1970’s to early 2000’s, these parks include mostly single tenant buildings in the 10-15,000-square-foot size range, a mix of Class B and C warehouse and flex (distribution with some office space) facilities. ■
GURNEE BUSINESS CENTER Washington and Route 41
Constructed late 1980s to mid-2000s, the center features primarily Class B, multi-tenant buildings in the 10,000-square-foot range. The size and configuration of these buildings makes them versatile for a variety of industrial, research & development, professional, business, technical and consumer service companies. In addition to these parks, a flurry of construction between 1960 and 1990 included industrial development with convenient access to Route 41 along Porett, Northwestern, Grandview, Grandville, and Morrison, now featuring a mix of manufacturing, wholesale trade and food processing operations. Near Interstate 94 and the 98,000 cars that pass by each day, the Grand Tri-State and CenterPoint corporate parks represent Gurnee’s newest and largest office, manufacturing and distribution facilities. A few flexible pad sites, three to 10 acres, remain available for ground-up development. NEAR I-94 ■
GRAND TRI-STATE BUSINESS PARK
Constructed 1984-2008 (majority around 1990) with a mix of single and multi-tenant structures. Buildings range 20,000100,000 square feet in area and feature primarily manufacturing and warehouse operations. ■
CENTERPOINT BUSINESS CENTER
Constructed beginning in 2005, CenterPoint offers a mix of single and multi-tenant distribution buildings ranging from 130,000-220,000 square feet in size. ■
TRIANGLE CORPORATE PARK
The newest opportunity for corporate sites is the Triangle Corporate Park, owned by Forefront Properties, located at Milwaukee Avenue and Route 120. Zoned for office (including medical) and light industrial uses, the site offers fully improved sites with direct access to I-94. For additional information, contact Ellen Dean, Village of Gurnee economic development director, at (847) 599-7574 or email email@example.com.
Village of GURNEE CHAMBER OF COMMERCE
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