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    146 Center St Grayslake, IL 60030

    Sponsored
    For Sale
    $1,399,000

    Fully Leased, High-End Office Suites

    Property size:
    6,823 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 6,823 square foot office building, situated on a 0.24-acre lot at 146 Center Street in the heart of Grayslake, IL, presents a unique investment opportunity. Previously home to the Grayslake Library for many years, this trophy building has undergone a complete renovation, boasting high-end finishes throughout. The space is currently divided into multiple office and retail suites, each carefully designed to maximize functionality and appeal. A diverse and stable tenant mix includes a photographer, music teacher, spa, sewing business, accounting firm, insurance agency, and a prominent anchor tenant, MyEyeDr. MyEyeDr. is slated to expand their space within the building in 2024, further solidifying the property's long-term value. All tenants are under multi-year, net-net-net (NNN) leases, providing predictable and consistent income. The building features a stylish main corridor with porcelain tile flooring, extending to the bathrooms. Climate control is ensured with central air conditioning and gas forced-air heating. The seller is open to considering a sale-leaseback arrangement or allowing a prospective buyer to occupy one of the existing office suites. Comprehensive financial statements are available upon request and execution of a non-disclosure agreement (NDA). For showings, please contact the listing agent. Please do not disturb tenants or place signage on the property.

    Property Features for 146 Center St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,823 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    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
    -88.04098
    Latitude
    42.3446

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased, High-End Office Suites
    Where is this office property / space located?
    The property is located at 146 Center St Grayslake, IL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    (847) 356-5263
    Request Owner's contact information
    146 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
    146 Center St Grayslake, IL 60030
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