102-106 Center StGrayslake, IL 60030

Property Details for 102-106 Center St

Year built

1951

Property size (Sq ft)

3,150 SF

Property type

Other retail properties

Property subtype

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.

Location Insight

City

Grayslake

County

Lake

State

Illinois

Latitude

42.3445

Longitude

-88.0421

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