Second-Generation Restaurant
New
For Lease
$31.20 SF/Yr
1280 N Il Route 83, Grayslake, IL 60030
Existing cold-storage equipment, grease trap, and gas connections support restaurant use in this retail-center suite.
Space Size2,500 SF
Days on Market7
Property Features for 1280 N Il Route 83
General Information
Standard status
Active
Size
2,500 SF
Net Rentable
2,500 SF
Space & Availability
Available Space
2,500 SF
Contiguous Space
2,500 SF
Space Use
Restaurant
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Restaurant
Grease Trap
Yes
Second-Generation Restaurant
Yes
Walk-In Cooler/Freezer
Yes
Additional Details
Lease Term
60 months
Taxes and HOA fees
Annual Taxes
$23,634
Building Details
Tenancy
Multi
Listing Agency:
Jameson Commercial
Listed By:
Barry Kadish · License #475148869
(312) 216-8000
Source:
Exprealty
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 31 at 3:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jameson Commercial
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Investment Insights
Based on property information with market context.
The restaurant suite occupies space in Swanson Corners, a three-unit retail center in Grayslake. Its existing improvements include an operational walk-in cooler and freezer, a grease trap, and gas connections. The interior is described as flexible, and the space was previously used as a restaurant. A five-year minimum lease term applies.
The center is situated at the intersection of Route 83, also known as Barron Boulevard, and Lake Street. Parking is available at the property, and drive-through use is identified as a possibility.
The center is situated at the intersection of Route 83, also known as Barron Boulevard, and Lake Street. Parking is available at the property, and drive-through use is identified as a possibility.
Key Highlights
- 2,500‑square‑foot restaurant space
- Part of a three‑unit retail center
- Operational walk‑in cooler and freezer
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Yes
Grease trap
NNN (Triple Net)
Lease Type
$4.68 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
Culver's
Dining
22,826 visits/mo
0.1 miles
McDonald's
Dining
13,921 visits/mo
0.1 miles
BP
Shops & Services
9,437 visits/mo
0.1 miles
Shell
Shops & Services
2,275 visits/mo
0.1 miles
Papa John's Pizza
Dining
1,404 visits/mo
0.1 miles
Demographics for 60030, IL
36,346
Population
15,006
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
97%
High-School Grad
26.8 sq mi
ZIP Area
1,356
Density / Sq Mi
$104,920
Median Household Income
$55,766
Median Earnings
$1,526
Median Rent
$276,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing cold-storage equipment, grease trap, and gas connections support restaurant use in this retail-center suite.
Where is this conventional restaurant located?
The property is located at 1280 N Il Route 83 Grayslake, IL.
What is the lease rate?
The lease rate is $31.20 SF/Yr.
What are key features of this property?
This property features: 2,500‑square‑foot restaurant space; Part of a three‑unit retail center; Operational walk‑in cooler and freezer
