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    132 Center St Grayslake, IL 60030

    Sponsored
    For Sale
    $650,000

    Prime location, mixed-use building, high potential.

    Property size:
    2,376 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,376 square foot building at 132 Center Street, Grayslake, IL, presents a unique investment opportunity. Situated in the heart of downtown Grayslake, this well-constructed block building boasts a successful 30+ year history as a thriving hair salon. The property offers a flexible layout, combining 1,291 square feet of commercial space ideal for retail or office use with a 1,001 square foot residential area. This allows for the convenience of a live-work arrangement, or the potential for separate leasing of both spaces to generate income. The Commercial Business zoning permits a wide range of uses, providing adaptability for future business ventures or development. Significant expansion potential exists, including the possibility of a four-story renovation. Grayslake's desirable location, almost equidistant from Chicago and Milwaukee, coupled with its above-average household income and growing population, ensures a strong local economy and a ready market for new businesses. This property is an excellent choice for entrepreneurs seeking a prime location, investors looking for a revenue-generating asset with appreciation potential, or anyone desiring a blend of business and residential living in a thriving downtown setting. The property is priced at $650,000.

    Property Features for 132 Center St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,376 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.04143
    Latitude
    42.34464

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, mixed-use building, high potential.
    Where is this commercial real estate located?
    The property is located at 132 Center St Grayslake, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    (847) 367-1855
    Request Owner's contact information
    132 Center St 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
    132 Center St Grayslake, IL 60030
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