3940 Porett Dr, Gurnee, IL 60031 Property Records

Lake County property record for 3940 Porett Dr, Gurnee, IL 60031

Property Summary

Property Type	General Industrial
Details	24,144 sqft · built 1967
Lot Size	3.35 acres (145,926 sqft)
Owner	Company Name on File
Last Sale	$1,575,000 (Sep 2026)
Tax Bill	$46,400 (2025)
Deeds & Mortgages	Sep 2026 Sale Oct 2023 Second Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`07-13-101-003`

Property Details

APN / Parcel Number

Primary APN	`07-13-101-003`

Interior

Building Area	24,144 sqft Gross Area
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1967
Effective Year Built	Effective 1975
Exterior Material	Concrete
Construction Type	Brick
Lot Area	145,926 sqft (3.35 acres)
Parking Spaces	1 Parking Space

Location & Zoning

Street Address	3940 PORETT DR
City	GURNEE
State	IL
Zip	60031-1244
Property Category	Industrial
Property Type	Industrial > General Industrial
Legal Description	WAUKEGAN-GURNEE INDUSTRIAL PARK SUB UNIT1,LT2 (EX BEG AT SW COR, E376.4, NE ALGA CURV TO THE L 28.58, NLY 634.38 MOL TO N LN 404E OF NW COR,W 404 TO NW COR, SLY ALG W LN TO PO
Legal Subdivision	WAUKEGAN-GURNEE INDUSTRIAL PARK SUB
Legal Lot Number	2
Legal Unit	1
Jurisdiction	LAKE IL
Township / Civil Division	WARREN
Census Block Group	2
Census Block	2030
Census Tract	861507

Owner

3940 Porett Dr, an industrial property, is owned by a company that bought it in September 2026.

Source: Lake County records, as of October 13, 2026

Owner of Record	Company Name on File
Mailing Address	540 ALLENDALE DR, WHEELING, IL 60090-2603
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
Sep 21, 2026	Special Warranty Deed, Transfer NONE LISTED ON DOCUMENT
Oct 20, 2023	Deed of Trust, Mortgage · Stand-Alone Second Mortgage BYLINE BANK
Oct 12, 2017	Deed of Trust, Mortgage · Commercial Mortgage FIRST BANK & TRUST
Oct 3, 2017	Deed of Trust, Mortgage · Line of Credit FIRST BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Sep 21, 2026 · Amount on File
Deed Sale	Sep 21, 2026 · Amount on File
Prior Sale	Sep 9, 2009 · Amount on File
Deed Document Number	20268195925
Record Updated	Oct 29, 2026

September 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	LAKE IL
Recording Date	Sep 21, 2026
Property Address	3940 PORETT DR, GURNEE, IL 60031-1244
Document Number	0008195925
Instrument Date	Sep 17, 2026
Instrument	20268195925
Transaction Type	Transfer
Record Updated	Oct 2, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Amount	Amount on Record
Tax	$238,612.50
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	540 ALLENDALE DR, WHEELING, IL 60090-2603

October 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Property Address	3940 PORETT DR, GURNEE, IL 60031-1244
Transaction Type	Mortgage
Record Updated	Apr 21, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0008002018
Date	Oct 20, 2023
Instrument	8002018

Lender

Name	BYLINE BANK
Type	Bank
Address	CHICAGO, IL 60601

Agreement

Type	Stand-Alone Second Mortgage
Amount	Amount on Record

October 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Property Address	3940 PORETT DR, GURNEE, IL 60031-1244
Transaction Type	Mortgage
Record Updated	Feb 7, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0007434839
Date	Oct 12, 2017
Instrument	7434839

Lender

Name	FIRST BANK & TRUST
Type	Bank
Address	NAPERVILLE, IL 60563

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	60 Months
Due	Oct 3, 2022

October 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Property Address	3940 PORETT DR, GURNEE, IL 60031-1244
Document Number	0007436735
Instrument Date	Oct 3, 2017
Transaction Type	Mortgage
Record Updated	Jan 11, 2019
Title Company	OTHER

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	3940 PORETT DR GURNEE IL 600311244, GURNEE, IL 60031-1244

Mortgage

Document Number	0007436735
Date	Oct 20, 2017
Instrument	7436735

Lender

Name	FIRST BK
Type	Bank
Address	55 SHUMAN BLVD # 100, NAPERVILLE, IL 60563-8432

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	60 Months
Due	Oct 19, 2022

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

The 2025 property tax bill for 3940 Porett Dr was $46,400, up 0.8% from the year before.

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

Property Jurisdictions

Type	Name
State	Illinois
County	Lake County
County Subdivision	Warren Township
Municipality	Gurnee Village
Elementary School District	Gurnee School District 56 (PK - 08)
Secondary School District	Warren Township High School District 121 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$46,400.00 (+0.82%)	$506,525 Land $144,241 Building $362,284	$1,519,727 Land $432,766 Building $1,086,961
2024	$46,022.00 (+8.46%)
2023	$42,433.00 (+12.98%)	$434,870 (+3%) Land $123,836 Building $311,034	$1,304,740 (+3%) Land $371,545 Building $933,195
2022	$37,558.00	$422,204 Land $120,229 Building $301,975	$1,266,739 Land $360,723 Building $906,016

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 3940 Porett Dr 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 5 (25% 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

The area around 3940 Porett Dr has no burnable land within ember reach, so its wildfire risk is not rated.

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

Wildfire Risk	Not rated no burnable land within 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 86 locations within half a mile, as of December 31, 2025

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

May also be available: T-Mobile, Verizon.

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