146 Center St, Grayslake, IL 60030
This exceptional Class A commercial property, located at 146-148 Center Street in vibrant downtown Grayslake, Illinois (zip code 60030), presents a compelling investment opportunity. The 6,823 square foot building, situated on a 10,433 square foot lot (APN: 06263100180000), is currently 100% occupied by a diverse mix of ten tenants across multiple suites. The property features high-end finishes throughout, including porcelain tile in the common areas and bathrooms. The building boasts a variety of uses, including medical office, storefront, and traditional office spaces, reflecting its adaptability and appeal to a broad tenant base. Tenants represent diverse sectors such as financial, photography, music, spa, sewing, accounting, and insurance, anchored by MyEyeDr. The building benefits from a multi-tenant NNN lease structure, providing long-term stability and predictable income. Climate control is ensured with central air and gas forced air heating. The property includes 12 parking spaces and is zoned CB (Commercial). Built in 1951, this single-story building offers a blend of classic charm and modern upgrades. Detailed financial information is available upon request and execution of a non-disclosure agreement. Serious inquiries only
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.