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    253 Commerce Dr Grayslake, IL

    Sponsored
    For Sale
    $2,900,000

    Prime industrial property: warehouse & office space.

    Property size:
    25,000 SF

    Description

    Added:
    Jan 29, 2025
    Days on Market:
    343
    This exceptional Grayslake, IL property offers a substantial 25,000 square feet of warehouse space perfectly complemented by 6,570 square feet of modern office space. The warehouse boasts impressive features including two interior dock doors and one convenient drive-in door, ensuring efficient loading and unloading operations. With a generous 22-foot clear height, the warehouse provides ample space for storage and operations. The property sits on a 0.72-acre lot, offering potential for expansion or outdoor storage. The design is particularly well-suited for businesses in the food or pharmaceutical industries, though its versatility makes it suitable for a wide range of uses. The asking price for this exceptional property is $2,900,000. This is a rare opportunity to acquire a well-maintained and strategically located industrial property in a thriving market. The combination of warehouse and office space provides a complete and efficient solution for a variety of businesses. Don't miss this chance to own a prime piece of Grayslake real estate. The address is 253 Commerce Dr, Grayslake, IL.

    Property Features for 253 Commerce Dr

    General Information

    Property type
    Warehouses
    Square Feet
    25,000 SF
    Price / Square Foot
    $116
    Elevators
    N/A
    Lot Size
    31,570 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Large warehouse space totaling 25,000 square feet, perfect for distribution needs.
    • Features include two interior dock doors, one drive‑in door, and 22‑foot clear height.
    • 6,570 square feet of office space included; ideal for food or pharmaceutical companies.
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grayslake
    State
    Illinois
    Longitude
    -88.022266
    Latitude
    42.340399

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    FAQs

    What type of property is this?
    Warehouse - Prime industrial property: warehouse & office space.
    Where is this warehouse located?
    The property is located at 253 Commerce Dr Grayslake, IL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Large warehouse space totaling 25,000 square feet, perfect for distribution needs.; Features include two interior dock doors, one drive-in door, and 22-foot clear height.; 6,570 square feet of office space included; ideal for food or pharmaceutical companies.
    (630) 341-6185
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    253 Commerce Dr Grayslake, IL
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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
    253 Commerce Dr Grayslake, IL
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