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    102-106 Center St Grayslake, IL 60030

    Sponsored
    For Sale
    $629,900

    Prime Grayslake retail space, high visibility.

    Property size:
    3,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents two buildings totaling 3,150 square feet situated on a high-traffic corner in downtown Grayslake, Illinois (102-106 Center St, 60030). The property boasts a prime location at the intersection of Center and Slusser Streets, directly across from a municipal parking lot and surrounded by restaurants, shops, apartments, and condos, ensuring high foot traffic and visibility. Currently, a portion of the space (approximately 2,500 sq ft) is vacant, while the remaining area is leased to a long-term tenant. The combined buildings, constructed in 1960, offer a unique chance for redevelopment or continued use as a retail space. The property includes a private parking lot with capacity for nine vehicles. The existing zoning (CB) permits up to four stories, opening possibilities for expansion and diverse uses, such as a restaurant or bar with multiple floors and outdoor seating. The asking price is $629,900, translating to $199.97 per square foot. This owner/user investment presents a rare chance to acquire a highly visible and versatile property in a thriving downtown area. The property is vacant except for a long-term tenant occupying a portion of the space. The buildings are one story each.

    Property Features for 102-106 Center St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,150 SF

    Building Details

    Year Built
    1960
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • 3,150 square foot retail property in downtown Grayslake, IL (102‑106 Center St, 60030).
    • High‑traffic corner location at Center & Slusser Streets, across from municipal parking.
    • Partially vacant (2,500 sq ft vacant); long‑term tenant in remaining space.
    • Two single‑story buildings, constructed in 1960, offering redevelopment potential.
    • Nine‑car private parking lot.
    • CB zoning allows up to four stories.
    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
    -88.0420701
    Latitude
    42.3444746

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    FAQs

    What type of property is this?
    Individual retail property - Prime Grayslake retail space, high visibility.
    Where is this individual retail property located?
    The property is located at 102-106 Center St Grayslake, IL.
    What is the asking price?
    The asking price for this property is $629,900.
    What are key features of this property?
    This property features: 3,150 square foot retail property in downtown Grayslake, IL (102-106 Center St, 60030).; High-traffic corner location at Center & Slusser Streets, across from municipal parking.; Partially vacant (2,500 sq ft vacant); long-term tenant in remaining space.
    Request Owner's contact information
    102-106 Center St Grayslake, IL 60030
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    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
    102-106 Center St Grayslake, IL 60030
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