1508 Nations Dr, Gurnee, IL 60031 Property Records

Lake County property record for 1508 Nations Dr, Gurnee, IL 60031

Property Summary

Property Type	Commercial Vacant Land
Lot Size	1.8 acres (78,408 sqft)
Owner	Company Name on File
Last Sale	$1,360,000 (Dec 2021)
Tax Bill	$50,052 (2023)
Deeds & Mortgages	Mar 2022 Sale Dec 2021 Sale + 2 more
Flood Zone	Zone X (minimal risk)
APN	`07-15-113-008`

Property Details

APN / Parcel Number

Primary APN	`07-15-113-008`

Exterior

Lot Area	78,408 sqft (1.8 acres)

Location & Zoning

Street Address	1508 NATIONS DR
City	GURNEE
State	IL
Zip	60031-9115
Property Category	Commercial
Property Type	Vacant Land > Commercial
Legal Description	RESUB OF LT 1 DILLEY'S AND GRAND PLANNED UNIT SUB; LOT 2
Legal Subdivision	DILLEY'S AND GRAND PLANNED UNIT SUB
Legal Lot Number	1-2
Jurisdiction	LAKE IL
Township / Civil Division	WARREN
Census Block Group	1
Census Block	1005
Census Tract	861508

Owner

1508 Nations Dr, commercial vacant land, is owned by a company that bought it in December 2021.

Source: Lake County records, as of April 24, 2024

Owner of Record	Company Name on File
Mailing Address	20225 N SCOTTSDALE RD, SCOTTSDALE, AZ 85255-6456
Owner Type	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Mar 3, 2022	Deed, Transfer
Dec 14, 2021	Deed, Transfer CHICAGO TITLE COMPANY, CHICAGO TITLE LAND TRUST CO
Nov 14, 2018	Trustee's Deed, Construction Loan · Line of Credit BUDMAN BUILDING LLC
Dec 22, 2017	Deed of Trust, Mortgage LAURENCE M DUNLAP

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 14, 2021 · Amount on File
Deed Sale	Dec 14, 2021 · Amount on File
Deed Document Number	7853631
Record Updated	Jun 7, 2026

March 2022: Deed, Transfer

Document Type	Deed
Jurisdiction	LAKE IL
Recording Date	Mar 3, 2022
Property Address	1508 NATIONS DR, GURNEE, IL 60031-9115
Document Number	0007880432
Map Reference	DOC 7830069
Instrument Date	Feb 24, 2022
Instrument	7880432
Transaction Type	Transfer
Record Updated	Mar 17, 2022

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name
Address	10 S LA SALLE ST # ST2750, 10, CHICAGO, IL 60603-1002

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1512 NATIONS DR, GURNEE, IL 60031-9115

December 2021: Deed, Transfer

Document Type	Deed
Jurisdiction	LAKE IL
Recording Date	Dec 14, 2021
Property Address	1508 NATIONS DR, GURNEE, IL 60031-9115
Document Number	0007853631
Map Reference	DOC 7830069
Instrument Date	Sep 21, 2021
Instrument	7853631
Transaction Type	Transfer
Record Updated	Apr 21, 2026
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE LAND TRUST CO

Transaction

Amount	Amount on Record
Tax	$1,360.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	20225 N SCOTTSDALE RD, SCOTTSDALE, AZ 85255-6456
Investor	Possibly a Property Investor

November 2018: Trustee's Deed, Construction Loan

Document Type	Trustee's Deed
Jurisdiction	LAKE IL
Recording Date	Nov 14, 2018
Property Address	1508 NATIONS DR, GURNEE, IL 60031-9115
Instrument Date	Nov 8, 2018
Instrument	7525919
Transaction Type	Construction Loan
Record Updated	Dec 5, 2018
Title Company	STEWART TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Trust
Address	36905 N DEERVIEW DR LAKE VILLA IL 600466724, LAKE VILLA, IL 60046-6724

Mortgage

Document Number	0007525919
Date	Nov 14, 2018
Instrument	7525919

Lender

Name	BUDMAN BUILDING LLC
Address	2023 W PIERCE AVE, CHICAGO, IL 60622-1947

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	12 Months
Due	Nov 13, 2019

Interest

Rate Type	Adjustable Rate

December 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Property Address	1508 NATIONS DR, GURNEE, IL 60031-9115
Document Number	0007460353
Instrument Date	Dec 22, 2017
Transaction Type	Mortgage
Record Updated	Feb 6, 2018

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Corporate Trust
Address	4150 W GENT DR WADSWORTH IL 600839711, WADSWORTH, IL 60083-9711

Mortgage

Document Number	0007460353
Date	Jan 26, 2018
Instrument	7460353

Lender

Name	LAURENCE M DUNLAP
Address	485 JOHELIA TRL, ANTIOCH, IL 60002-2507

Agreement

Amount	Amount on Record

Tax Assessment & Valuation

Source: Lake County assessment roll, as of February 1, 2024

Property Jurisdictions

Type	Name
State	Illinois
County	Lake County
County Subdivision	Warren Township
Municipality	Gurnee Village
Secondary School District	Warren Township High School District 121 (09 - 12)
Elementary School District	Woodland Community Consolidated School District 50 (PK - 08)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2023	$50,052.00	$358,258 (-29.09%) Land $358,258	$1,074,881 (-29.09%) Land $1,074,881
2022		$505,221 Land $358,329 Building $146,892	$1,515,814 Land $1,075,094 Building $440,720

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 1508 Nations Dr in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective February 20, 2024

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 1508 Nations Dr is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 98% of the US · lower than 86% of Illinois
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	GURNEE serves 30,193 people · EPA ID IL0970350
Water Source	Purchased surface water from several systems
Last State Inspection	May 2025
Lead	Under 1 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 37 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
AT&T Fixed Wireless · Fiber in parts of the area	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

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