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Renovated Storefront Building on Highway

55 N Barron Blvd, Grayslake, IL 60030

For Sale
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Two-unit storefront building with leases in place and parking.

Property Size8,380 SF
Price / SF$107.39
Days on Market850

Property Features for 55 N Barron Blvd

General Information

Standard status Active
Size 8,380 SF
Class B
Property subtype Retail
Zoning GB
Lease Type Modified Gross
Investment Type Owner/User
Net Operating Income $83,472

Building Details

Year Built 1955
Year Renovated 2005
Buildings 1
Stories 1
Units 2
Tenancy Multi
Listing Agency: Re/Max Plaza
Listed By: Jeffrey Bell · License IL 475.095372
Source: Crexi
Added: Jul 16, 2024 Changed: Nov 1 Last Checked: Nov 10 at 8:43AM

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 Re/Max Plaza

Rey
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Investment Insights

Based on property information with market context.

This attractive two-unit storefront building was completely renovated in 2005. One unit is occupied by Texas Bebe’s Quesobarria (restaurant), which recently expanded and renewed its lease for 3,500 square feet. The other space, approximately 4,800 square feet, has been a thrift shop for many years and was recently rented to a new operator (Wild Raspberry Resale) on a new 5-year lease. This unit has two overhead doors and is almost 50 feet wide with large windows facing Route 83. The property includes two parcels, one of which is a parking lot with 30 spaces. The building is located on a busy state highway in the heart of Grayslake, offering excellent signage, visibility, and access.

Key Highlights

  • High‑traffic location on a busy state highway in the heart of Grayslake.
  • Two‑unit storefront building fully renovated in 2005.
  • Currently occupied by two tenants, including a restaurant (Texas Bebe’s Quesobarria) with a recently renewed lease.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Restaurant Storage Facility Hotel & Motel Garden Center Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

989
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 55% Shops & Services 45%
Taco Bell Dining
8,532 visits/mo 0.3 miles
PNC Bank Shops & Services
4,443 visits/mo 0.4 miles
Huntington Bank Shops & Services
1,818 visits/mo 0.1 miles
MyEyeDr. Shops & Services
1,164 visits/mo 0.4 miles
Domino's Pizza Dining
679 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Storefront properties in Lake County, IL

$140 Jul
$109 Aug
$112 Sep
$120 Oct

Properties on Market for Storefront properties in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - Two-unit storefront building with leases in place and parking.
Where is this storefront property located?
The property is located at 55 N Barron Blvd Grayslake, IL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: High‑traffic location on a busy state highway in the heart of Grayslake.; Two‑unit storefront building fully renovated in 2005.; Currently occupied by two tenants, including a restaurant (Texas Bebe’s Quesobarria) with a recently renewed lease.
(847) 596-6142 Call to check price and availability
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