Property profile

1276 Illinois 83 Grayslake, IL 60030

OFF-MARKET
Retail properties & Spaces
5,500 SF Built 1995
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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

Location

1276 Illinois 83 Grayslake, IL 60030
Grayslake metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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