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    61 Center St Grayslake, IL 60030

    Sponsored
    For Lease
    Contact for pricing

    6,000 SF Daycare Space, Ample Parking

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail opportunity presents a fully built-out 6,000 square foot daycare space in the vibrant Downtown Grayslake area of Lake County. The property boasts a significant advantage with a rare 3,500 square foot outdoor play area, perfect for a daycare or similar business. Convenient surface-level parking is readily available, a significant benefit in a bustling downtown location. Its prime location offers easy access to Route 120 and the Grayslake Metra train station, ensuring excellent accessibility for both employees and clients. The property is situated amongst a strong mix of local and national tenants along Center Street, contributing to a thriving commercial environment. This location benefits from a high average household income exceeding $127,000, indicating a strong consumer base. This single-tenant retail space represents an excellent opportunity to establish or expand a business in the heart of a prosperous suburban market. The existing daycare build-out significantly reduces initial investment costs and allows for immediate occupancy. The combination of convenient location, ample parking, and a strong demographic profile makes this property an attractive investment. This is a rare opportunity to secure a well-positioned retail space in a desirable downtown setting.

    Property Features for 61 Center St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Unit(s) available at that property

    Space
    Size
    6,000 SF

    HighLights

    • 6,000 sq. ft. retail space, single‑tenant occupancy.
    • Fully built‑out daycare space with a 3,500 sq. ft. outdoor play area.
    • Rare surface‑level parking in Downtown Grayslake.
    • Excellent location near Route 120 and the Grayslake Metra station.
    • Strong tenant mix in the Center Street area.
    • Prime retail space in a thriving suburban downtown market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -88.042911342194
    Latitude
    42.344317937727

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    FAQs

    What type of property is this?
    Individual retail property - 6,000 SF Daycare Space, Ample Parking
    Where is this individual retail property located?
    The property is located at 61 Center St Grayslake, IL.
    What are key features of this property?
    This property features: 6,000 sq. ft. retail space, single-tenant occupancy.; Fully built-out daycare space with a 3,500 sq. ft. outdoor play area.; Rare surface-level parking in Downtown Grayslake.
    Request Owner's contact information
    61 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
    61 Center St Grayslake, IL 60030
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