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    OFF-MARKET
    Retail properties & Spaces

    1276 Illinois 83, Grayslake, IL 60030

    5,500 SF Built 1995
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 1276 N Illinois 83, Grayslake, IL 60030, at the Swanson Corners plaza, conveniently situated near Lake Street in Lake County. The property, built in 1995, offers a total of 5,500 square feet across four suites in a single-story building. Currently, there is no vacant space, however, this listing presents a chance to lease a portion of the existing restaurant space. Flexible layouts are available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 2,500 square feet. This second-generation restaurant space is ideal for a variety of culinary concepts. The property's prime corner location within the Swanson Corners retail plaza ensures high visibility and accessibility for potential customers. The address is easily accessible from major roadways, making it a convenient destination. This is a unique opportunity to establish or expand a restaurant business in a thriving Grayslake community. The space is ready for immediate occupancy, offering a turnkey solution for restaurateurs seeking a well-established location. Interested parties should inquire about lease terms and conditions. The property's location and existing infrastructure provide a strong foundation for success.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1995
    Total area 5,500 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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