132 Center St Grayslake, IL 60030

Property Details for 132 Center St

Year built

1954

Property size

2,376 SF

Property type

Commercial real estate

Description

This exceptional 2,376 square foot building at 132 Center Street, Grayslake, IL, presents a unique investment opportunity. Situated in the heart of downtown Grayslake, this well-constructed block building boasts a successful 30+ year history as a thriving hair salon. The property offers a flexible layout, combining 1,291 square feet of commercial space ideal for retail or office use with a 1,001 square foot residential area. This allows for the convenience of a live-work arrangement, or the potential for separate leasing of both spaces to generate income. The Commercial Business zoning permits a wide range of uses, providing adaptability for future business ventures or development. Significant expansion potential exists, including the possibility of a four-story renovation. Grayslake's desirable location, almost equidistant from Chicago and Milwaukee, coupled with its above-average household income and growing population, ensures a strong local economy and a ready market for new businesses. This property is an excellent choice for entrepreneurs seeking a prime location, investors looking for a revenue-generating asset with appreciation potential, or anyone desiring a blend of business and residential living in a thriving downtown setting. The property is priced at $650,000.

Location Insight

City

Grayslake

County

Lake

State

Illinois

Longitude

-88.04143

Latitude

42.34464