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132 Center St Grayslake, IL 60030

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For Sale
$650,000

Prime location, mixed-use building, high potential.

Property size:
2,376 SF

Property Features for 132 Center St

General Information

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

Building Details

Year Built
1954

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Listing Contact
Benjamin Lovinger

Listing Agency: Baird & Warner Listing Agent: Benjamin Lovinger

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

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.
More about this property
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