940 Lakeside Dr, Gurnee, IL 60031 Property Records

Lake County property record for 940 Lakeside Dr, Gurnee, IL 60031

Property Summary

Property Type	General Industrial
Details	18,504 sqft · built 2001
Lot Size	2.22 acres (96,869 sqft)
Owner	Company Name on File
Last Sale	$1,300,000 (Feb 2025)
Tax Bill	$46,235 (2024)
Deeds & Mortgages	Aug 2026 Construction Loan Jul 2026 Sale + 1 more
Flood Zone	Zone X (minimal risk)
APN	`07-16-402-061`

Property Details

APN / Parcel Number

Primary APN	`07-16-402-061`

Interior

Building Area	18,504 sqft Gross Area
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2001
Effective Year Built	Effective 2001
Exterior Material	Concrete
Construction Type	Brick
Lot Area	96,869 sqft (2.22 acres)
Parking Spaces	1 Parking Space

Location & Zoning

Street Address	940 LAKESIDE DR
City	GURNEE
State	IL
Zip	60031-2400
Property Category	Industrial
Property Type	Industrial > General Industrial
Legal Description	GRAND TRI-STATE BUSINESS PARK UNIT 1 SUB; S 32 LOT 82 & GRAND TRI-STATE PARTNERSHIP RESUBDIVISION; LOT 1
Legal Subdivision	GRAND TRI-STATE BUSINESS PARK UNIT 1 SUB
Legal Lot Number	82
Legal Unit	1
Jurisdiction	LAKE IL
Township / Civil Division	WARREN
Census Block Group	1
Census Block	1010
Census Tract	861603

Owner

940 Lakeside Dr, an industrial property, is owned by a company that bought it in February 2025.

Source: Lake County records, as of April 29, 2026

Owner of Record	Company Name on File
Mailing Address	PO BOX 620100, REDWOOD CITY, CA 94062-0100
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
Aug 24, 2026	Deed of Trust, Mortgage · Construction Mortgage FIRST AMERICAN BANK
Jul 17, 2026	Special Warranty Deed, Transfer CHICAGO TITLE W, CHICAGO TITLE
Nov 7, 2023	Special Warranty Deed, Transfer ATTORNEY ONLY, ATTORNEY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 6, 2025 · Amount on File
Deed Sale	Feb 6, 2025 · Amount on File
Prior Sale	Nov 7, 2023 · Amount on File
Deed Document Number	20258082000
Record Updated	Oct 29, 2026

August 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IL
Recording Date	Aug 24, 2026
Property Address	940 LAKESIDE DR, GURNEE, IL 60031-2400
Document Number	0008190156
Instrument Date	Aug 17, 2026
Instrument	20268190156
Transaction Type	Mortgage
Record Updated	Sep 9, 2026
Title Company	STEWART TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	3300 WASHINGTON ST, WAUKEGAN, IL 60085-4716

Mortgage

Document Number	0008190156,
Date	Aug 24, 2026
Instrument	20268190156

Lender

Name	FIRST AMERICAN BANK

Agreement

Type	Construction Mortgage
Amount	Amount on Record
Term	12 Months
Due	Aug 15, 2027

Interest

Rate Type	Adjustable Rate
Rate	6.75%
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

July 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	LAKE IL
Recording Date	Jul 17, 2026
Property Address	940 LAKESIDE DR, GURNEE, IL 60031-2400
Document Number	0008182696
Instrument Date	Jun 5, 2026
Instrument	20268182696
Transaction Type	Transfer
Record Updated	Jul 30, 2026
Title Company	CHICAGO TITLE W, CHICAGO TITLE

Transaction

Amount	Amount on Record
Tax	$253,762.50
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	3300 WASHINGTON ST, WAUKEGAN, IL 60085-4716

November 2023: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	LAKE IL
Recording Date	Nov 7, 2023
Property Address	940 LAKESIDE DR, GURNEE, IL 60031-2400
Document Number	0008004646
Map Reference	DOC 2600878
Instrument Date	Nov 1, 2023
Instrument	8004646
Transaction Type	Transfer
Record Updated	Nov 16, 2023
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Amount	Amount on Record
Tax	$1,275.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1048 MYRTLE WAY, SAN DIEGO, CA 92103-5123

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
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
2025		$521,600 Land $212,561 Building $309,039	$1,564,957 Land $637,747 Building $927,210
2024	$46,235.00 (+9.04%)
2023	$42,403.00 (+13.76%)	$447,812 (+3%) Land $182,491 Building $265,321	$1,343,571 (+3%) Land $547,528 Building $796,043
2022	$37,273.00	$434,769 Land $177,176 Building $257,593	$1,304,437 Land $531,581 Building $772,856

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 940 Lakeside Dr in Zone X, an area of minimal flood risk, though there have been 8 flood claims nearby since 1979.

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	2 in force
Nearby Flood Claims	8 (1979–2017)
Claims Outside the SFHA	4 of 8
Most Recent Claim	Jul 2017 · river or lake flooding
Claims by Event	Severe Storms & Flooding, Sep 1986 · 3 claims

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 940 Lakeside 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 99.1% of the US · lower than 94% 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 47 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
AT&T DSL	100 / 20

May also be available: T-Mobile.

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