102-106 Center St Grayslake, IL 60030
- Retail properties
- 3,150 SF
Current Use by Public Records
- Retail properties
Property Details for 102-106 Center St
- Year built
- 1960
- Property size
- 3,150 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grayslake
- County
- Lake
- State
- Illinois
- Longitude
- -88.0421
- Latitude
- 42.3445
