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
- 1951
- Property size
- 3,150 SF
- Property type
- Retail properties
Description
This exceptional 3,150 square foot retail property, located at 102-106 Center Street in the thriving downtown Grayslake, IL, presents a unique investment opportunity. Situated on a prime corner lot at the intersection of Center and Slusser Streets, this property benefits from high visibility and foot traffic. Its advantageous location directly faces a municipal parking lot, ensuring convenient access for customers. Across the street, a vibrant mix of restaurants, shops, apartments, and condos further enhances its desirability. The property comprises two buildings, seamlessly combined, offering versatile space previously utilized for medical offices and, most recently, a pharmacy. Currently, 2,500 square feet is available for lease, while the remaining space is occupied by a long-term tenant, an attorney. The property includes a private parking lot accommodating nine vehicles. The flexible layout and downtown zoning (CB) permit significant redevelopment potential, allowing for a structure up to four stories high. This makes it ideally suited for a variety of uses, including a restaurant or bar, potentially incorporating two floors and an outdoor dining area, capitalizing on the bustling downtown atmosphere. The property's prime location, ample space, and redevelopment possibilities make it an exceptional investment prospect in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grayslake
- County
- Lake
- State
- Illinois
- Longitude
- -88.0421
- Latitude
- 42.3445
