Property profile

115 Us-45 Grayslake, IL 60030

OFF-MARKET
Retail properties & Spaces
Built 1980
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Property summary

AI-generated overview

This exceptional 1,125 square foot retail or professional office space is ideally situated on Route 45 in Grayslake, within the vibrant School House Plaza. Located at the southeast corner of Route 45 and Old Plank Road, this single-tenant space boasts a prime location alongside established businesses including Tang's, Foremost, Cut and Tan, Local Nails, and Lewis Florist. Previously used as extra dining space, this adaptable unit is perfect for a variety of uses, such as a coffee shop, donut shop, massage therapy center, or professional office (law, accounting, dental, etc.). The landlord is willing to partition the space to meet specific tenant needs. The property features convenient rear door access for deliveries, simplifying logistics. This Class B building, constructed in 1980, offers a single story with 45 total parking spaces. The 48,061 square foot lot is zoned GB. The lease is a gross lease, meaning the landlord covers snow removal, lawn maintenance, parking lot maintenance, real estate taxes, and building insurance; the tenant is responsible for utilities only. The current tenant is flexible regarding occupancy and may leave existing tables and booths for the new tenant's use. This is a fantastic opportunity to establish a business in a high-traffic area with ample parking and established neighboring businesses.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1980

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

115 Us-45 Grayslake, IL 60030
Grayslake metro
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Value estimations

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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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