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    350 Center St Grayslake, IL 60030

    Sponsored
    For Sale
    $1,995,000

    Massive Office/Warehouse, 34,218 SF, 1.27 Acres

    Property size:
    34,218 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Grayslake business opportunity presents a substantial 34,218-square-foot office/warehouse facility situated on a 1.27-acre lot in the central business district. Priced attractively at $1,995,000, this property offers significant value at under $60 per square foot. The property features a unique blend of older and newer construction. The front 12,000-square-foot section, a brick and frame structure built in 1952, houses office space and loading docks. This area includes a sprinkler system, employee restrooms, air conditioning, and gas forced-air heat. A large, floored loft area provides additional storage. The rear 22,000-square-foot warehouse, added in 2006, boasts a clear span design measuring 80 feet wide by 275 feet long. Constructed of steel, brick, and glass, this section features partial concrete flooring and compacted grindings. Multiple existing openings are suitable for large overhead doors. The property is zoned Limited Industrial. The sale is offered "as is," with some equipment and materials remaining on-site. This property is ideal for a variety of industrial or manufacturing uses and presents a rare opportunity to acquire a large, well-located facility at a competitive price.

    Property Features for 350 Center St

    General Information

    Property type
    Investment properties
    Square Feet
    34,218 SF
    Lot Size
    55,321 SF

    Building Details

    Year Built
    1952
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    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
    -88.03885
    Latitude
    42.34533

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    FAQs

    What type of property is this?
    Investment property - Massive Office/Warehouse, 34,218 SF, 1.27 Acres
    Where is this investment property located?
    The property is located at 350 Center St Grayslake, IL.
    What is the asking price?
    The asking price for this property is $1,995,000.
    (847) 356-5263
    Request Owner's contact information
    350 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
    350 Center St Grayslake, IL 60030
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