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    102-106 Center St Grayslake, IL 60030

    Sponsored
    For Sale
    $629,900

    COMMERCIAL - Grayslake, IL

    Type:Retail
    Lot size:
    0.14 Acres
    Days on Market:
    112
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 102-106 Center St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR
    APN
    06263100100000
    Lot size
    0.14 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1951
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet
    Building materials
    Brick, Concrete

    RE/MAX Plaza (847) 596-6100 [email protected]

    Listing agent Jeffrey Bell (847) 601-1201

    Listing date Sep 16, 2025

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Location in Grayslake

    Located at the corner of Center St and Slusser St in downtown Grayslake, this commercial property benefits from its position across the street from restaurants, stores, apartments, and condos, and in front of a municipal parking lot. The property consists of two buildings that were combined and previously used as a medical office and a local pharmacy. Currently, 2,500 square feet is vacant, while the remainder is leased to an attorney. The property includes a private parking lot accommodating 9 cars. Situated on a 0.14-acre lot, the property offers redevelopment potential, particularly for a restaurant or bar with two floors and an outdoor dining area. The downtown zoning (CB) allows for buildings up to four stories in height.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -88.0420701
    Latitude
    42.3444747

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    FAQs

    What type of property is this?
    Retail space - Thriving downtown location with redevelopment potential for restaurant/bar.
    Where is this retail space located?
    The property is located at 102-106 Center St Grayslake, IL.
    What is the asking price?
    The asking price for this property is $629,900.
    What are key features of this property?
    This property features: - Prime corner location in downtown Grayslake (Center St & Slusser St).; - Located across from restaurants, stores, apartments and condos.; - Redevelopment opportunity with downtown zoning (CB) allowing up to four stories.
    (847) 601-1201
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    102-106 Center St Grayslake, IL 60030
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    Grayslake, IL 60030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102-106 Center St Grayslake, IL 60030
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