34498 N Old Walnut Cir, Gurnee, IL 60031 Property Records

Lake County property record for 34498 N Old Walnut Cir, Gurnee, IL 60031

Property Summary

Property Type	Commercial Building, Warehouse, Showroom
Details	8,538 sqft · built 2004
Lot Size	0.863 acres (37,601 sqft)
Owner	Company Name on File
Last Sale	$1,010,000 (Apr 2026)
Tax Bill	$28,956 (2024)
Deeds & Mortgages	Jul 2024 Mortgage Apr 2026 Sale & Line of Credit + 1 more
Flood Zone	Zone X (minimal risk)
APN	`07-19-401-422`

Property Details

APN / Parcel Number

Primary APN	`07-19-401-422`
Alternative APN	`07194012260000`

Interior

Units	9 Units
Building Area	8,538 sqft Gross Area
Basement Area	2,520 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2004
Effective Year Built	Effective 2004
Exterior Material	Brick Veneer
Construction Type	Frame
Lot Area	37,601 sqft (0.863 acres)
Parking Spaces	1 Parking Space

Location & Zoning

Street Address	34498 N OLD WALNUT CIR
City	GURNEE
State	IL
Zip	60031-4601
Property Category	Commercial
Property Type	Commercial > Retail > Commercial Building, Warehouse, Showroom
Legal Description	COUNTRY TOWNE II SUB; LOTS 1 & 2
Legal Subdivision	COUNTRY TOWNE II SUB
Legal Lot Number	1,2
Jurisdiction	LAKE IL
Township / Civil Division	WARREN
Census Block Group	1
Census Block	1003
Census Tract	861610

Owner

34498 N Old Walnut Cir, a commercial property, is owned by a company that bought it in April 2026.

Source: Lake County records, as of July 6, 2026

Owner of Record	Company Name on File
Mailing Address	34498 N OLD WALNUT CIR, GURNEE, IL 60031-4601
Owner Type	Company
Vesting	Limited Liability Partnership

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
Jul 9, 2024	Deed of Trust, Mortgage · Commercial Mortgage STATE BANK OF THE LAKES
Apr 13, 2026	Warranty Deed, Transfer · Line of Credit FNBC BANK AND TRUST
Aug 20, 2019	Loan Modification, Mortgage US BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 13, 2026 · Amount on File
Deed Sale	Apr 13, 2026 · Amount on File
Prior Sale	Jan 4, 2001 · Amount on File
Deed Document Number	20268162811
Record Updated	Oct 29, 2026

July 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Property Address	34498 N OLD WALNUT CIR, GURNEE, IL 60031-4601
Transaction Type	Mortgage
Record Updated	Apr 28, 2026
Title Company	FIDELITY NATIONAL TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0008043742
Date	Jul 9, 2024
Instrument	8043742

Lender

Name	STATE BANK OF THE LAKES
Type	Bank
Address	GURNEE, IL 60031

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

April 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	LAKE IL
Recording Date	Apr 13, 2026
Property Address	34498 N OLD WALNUT CIR, GURNEE, IL 60031-4601
Document Number	0008162811
Instrument Date	Mar 27, 2026
Instrument	2026.8162811
Transaction Type	Transfer
Record Updated	Apr 27, 2026
Title Company	E-CHICAGO TITLE, CHICAGO TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$153,015.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	34498 N OLD WALNUT CIR, GURNEE, IL 60031-4601

Mortgage

Document Number	0008162812,
Date	Apr 13, 2026
Instrument	2026.8162812

Lender

Name	FNBC BANK AND TRUST

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	60 Months
Due	Apr 5, 2031

Interest

Rate	6.59%
Max Rate	-1%

August 2019: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	LAKE IL
Property Address	34498 N OLD WALNUT CIR, GURNEE, IL 60031-4601
Document Number	0007613838
Instrument Date	Aug 20, 2019
Transaction Type	Mortgage
Record Updated	Dec 23, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	380 PRESCOTT LN GURNEE IL 600315308, GURNEE, IL 60031-5308

Mortgage

Document Number	0007613838
Date	Dec 4, 2019
Instrument	7613838

Lender

Name	US BK
Type	Bank
Address	OSHKOSH, WI 54901

Agreement

Amount	Amount on Record

Tax Assessment & Valuation

Source: Lake County assessment roll, as of April 29, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Lake County
County Subdivision	Warren Township
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
2025		$322,664 Land $88,564 Building $234,100	$968,089 Land $265,719 Building $702,370
2024	$28,956.00 (+5.28%)
2023	$27,503.00 (+10.29%)	$285,330 (+3%) Land $78,317 Building $207,013	$856,075 (+3%) Land $234,974 Building $621,101
2022	$24,937.00	$277,020 Land $76,036 Building $200,984	$831,143 Land $228,131 Building $603,012

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 34498 N Old Walnut Cir in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective February 20, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 6 (20% premium discount)
Nearby Flood Policies	1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 34498 N Old Walnut Cir 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	None beyond ember reach

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 304 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless · DSL	100 / 20

May also be available: Verizon.

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