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Lake County Gazette

Monday, March 18, 2024

21 of 200 highest-paying commercial property taxpayers Chicago suburbs’ are located in Lake County, paid $43M last year

Gurneemills

Gurnee Mills in Gurnee, IL, paid $4.8 million in property taxes last year. | Interiot via Wikimedia Commons

Gurnee Mills in Gurnee, IL, paid $4.8 million in property taxes last year. | Interiot via Wikimedia Commons

Twenty-one of suburban Chicago’s 200 highest tax-paying commercial properties are in Lake County, according to a Local Government Information Services (LGIS) analysis of property tax data from the Cook County treasurer. Collectively, these 21 properties contributed $53.58 million to Lake County’s public funds, which go towards municipal salaries and local school districts. 

LGIS ranked the commercial properties in suburban Chicago that were billed the most in the 2015 tax year. The 200 highest-paying properties paid $441 million; Lake County made up 9.8 percent of this total. 

Lake County – along with every other Illinois county except Cook County – assesses both commercial and residential properties at 33 percent of market value. Cook County is unique in that its commercial properties are capped at a 25 percent market value, while residential assessments are capped at 10 percent. 

That means Cook County commercial property taxpayers can pay more than double the taxes of residential properties with identical market values.

Abbott Laboratories paid the most in Lake County last year at $6.84 million for the Lake Bluff property, or 15.7 percent of the total. Gurnee Mills in Gurnee was billed at $4.81 million, followed by Vista Medical Center East in Waukegan at $2.88 million, and Takeda Pharmaceuticals in Deerfield at $2.4 million. 

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Top Commercial Property Taxpayers in Lake County

RankOverall RankPropertyTaxes PaidCityAddress
16Abbott Laboratories$6,844,475Lake Bluff13652 W Buckley Rd, Lake Bluff, IL 60044

211Gurnee Mills$4,817,887Gurnee6170 Grand Ave, Gurnee, IL 60031

322Vista Medical Center East$2,885,760Waukegan1324 N Sheridan Rd, Waukegan, IL 60085

433Takeda Pharmaceuticals$2,407,180Deerfield20045 N Saunders Rd, Deerfield, IL 60015

534Abbott Laboratories$2,399,815Lake Bluff25922 N Waukegan Rd, Lake Bluff, IL 60044

649Woodland Falls$2,077,461Mettawa26525 N Riverwoods Blvd, Mettawa, IL 60045

755Hawthorn Mall$1,965,434Vernon Hills101 Hawthorn Ctr, Vernon Hills, IL 60061

866W.W. Grainger Corporate Office$1,881,387Lake Forest14441 W Il Route 60, Lake Forest, IL 60045

979AbbVie Pharmaceutical Contract Manufacturing$1,659,076North Chicago1401 Sheridan Rd, North Chicago, IL 60064

1084Deer Park Town Center Shopping Center$1,602,108Deer Park20530 N Rand Rd, Deer Park, IL 60010

1187Discover Financial Services Riverwoods$1,584,185Riverwoods2500 Lake Cook Rd, Riverwoods, IL 60015

12103Six Flags Great America$1,494,401Gurnee542 N Il Route 21, Gurnee, IL 60031

13105Sedgebrook$1,486,688Lincolnshire740 Audubon Way, Lincolnshire, IL 60069

14106HSBC Bank$1,482,563Volo300 S Fish Lake Rd, Volo, IL 60073

15110Zion Solutions$1,463,781Zion101 Shiloh Blvd, Zion, IL 60099

16128Corporate 500 Centre$1,364,260Deerfield520 Lake Cook Rd, Deerfield, IL 60015

17131The Garlands Of Barrington$1,361,181Barrington1000 Garlands Ln, Barrington, IL 60010

18161AbbVie Pharmaceutical Contract Manufacturing$1,247,970North Chicago1401 Sheridan Rd, North Chicago, IL 60064

19169Corporate 500 Phase I$1,219,015Deerfield500 Lake Cook Rd, Deerfield, IL 60015

20185ArborLake Centre$1,192,879Deerfield1751 Lake Cook Rd, Deerfield, IL 60015

21199The Shops at Deerfield Square$1,150,094Deerfield740 Waukegan Rd, Deerfield, IL 60015

TOTAL$43,587,598

Source: Cook County Treasurer. 

 Top 30 Commercial Property Taxpayers in Chicago Suburbs

RankPropertyTaxes PaidCityAddress
1Exxon Mobil$29,298,159Channahon25909 S Frontage Rd E, Channahon, IL 60410

2Woodfield Mall$23,865,859Schaumburg1000 E Woodfield Rd, Schaumburg, IL 60173

3Westfield Old Orchard Shopping Center$13,908,398Skokie9200 Skokie Blvd, Skokie, IL 60077

4Orland Square$9,065,412Orland Park55 Orland Square Dr, Orland Park, IL 60462

5AT&T$7,140,842Hoffman Estates2000 Ameritech Dr, Hoffman Estates, IL 60192

6Abbott Laboratories$6,844,475Lake Bluff13652 W Buckley Rd, Lake Bluff, IL 60044

7Rivers Casino$6,440,231Des Plaines3170 Des Plaines River Rd, Des Plaines, IL 60018

8Fashion Outlets of Chicago$6,166,593Rosemont5220 Fashion Outlets Way, Rosemont, IL 60018

9Chicago Ridge Mall$5,975,209Chicago Ridge9500 S Ridgeland Ave, Chicago Ridge, IL 60453

10Hyatt Regency O'Hare$4,981,285Rosemont9300 Bryn Mawr Ave, Rosemont, IL 60018

11Gurnee Mills$4,817,887Gurnee6170 Grand Ave, Gurnee, IL 60031

12Northbrook Court$4,662,511Northbrook1515 Lake Cook Rd, Northbrook, IL 60062

13River Oaks Center$4,555,412Calumet City96 River Oaks Dr, Calumet City, IL 60409

14North Riverside Park Mall$4,420,999North Riverside7501 Cermak Rd, North Riverside, IL 60546

15The Streets of Woodfield$3,726,401Schaumburg601 N Martingale Rd, Schaumburg, IL 60173

16Microsoft Data Center$3,662,404Northlake601 Northwest Ave, Northlake, IL 60164

17Woodfield Corporate Center$3,508,910Schaumburg425 N Martingale Rd, Schaumburg, IL 60173

18Luther Village$3,393,016Arlington Heights1225 Luther Ln, Arlington Heights, IL 60004

19Navistar Inc.$3,257,257Lisle2500 Warrenville Road, Lisle, IL 60532

204500 West Touhy $3,116,104Lincolnwood4500 W Touhy Ave, Lincolnwood, IL 60712

21Continental Towers$2,994,468Rolling Meadows1701 W Golf Rd, Rolling Meadows, IL 60008

22Vista Medical Center East$2,885,760Waukegan1324 N Sheridan Rd, Waukegan, IL 60085

23Fox Valley Mall$2,844,075Aurora195 Fox Valley Center Dr, Aurora, IL 60504

24UPS$2,798,369Hodgkins1 Ups Way, Hodgkins, IL 60525

25Woodfield Village Green$2,662,540Schaumburg1400 W Golf Rd, Schaumburg, IL 60173

26Old Orchard Towers$2,629,305Skokie5202 Old Orchard Rd, Skokie, IL 60077

27One O'Hare Centre$2,582,273Rosemont6250 N River Rd, Rosemont, IL 60018

28Tarantula Ventures$2,517,692Elk Grove Village2200 Busse Rd, Elk Grove Village, IL 60007

29Former Motorola Campus$2,511,526Schaumburg1301 E Algonquin Rd, Schaumburg, IL 60173

30Zurich Towers$2,495,496Schaumburg1450 American Ln, Schaumburg, IL 60173

 Source: Cook County Treasurer

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