102-106 Center St Grayslake, IL 60030
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.