146 Center StGrayslake, IL 60030

Property Details for 146 Center St

Year built

1951

Lot size

0.24 AC

Property size (Sq ft)

6,823 SF

Property type

Other office properties

Property subtype

Office properties

Description

This exceptional 6,823 square foot office building, situated on a 0.24-acre lot at 146 Center Street in the heart of Grayslake, IL, presents a unique investment opportunity. Previously home to the Grayslake Library for many years, this trophy building has undergone a complete renovation, boasting high-end finishes throughout. The space is currently divided into multiple office and retail suites, each carefully designed to maximize functionality and appeal. A diverse and stable tenant mix includes a photographer, music teacher, spa, sewing business, accounting firm, insurance agency, and a prominent anchor tenant, MyEyeDr. MyEyeDr. is slated to expand their space within the building in 2024, further solidifying the property's long-term value. All tenants are under multi-year, net-net-net (NNN) leases, providing predictable and consistent income. The building features a stylish main corridor with porcelain tile flooring, extending to the bathrooms. Climate control is ensured with central air conditioning and gas forced-air heating. The seller is open to considering a sale-leaseback arrangement or allowing a prospective buyer to occupy one of the existing office suites. Comprehensive financial statements are available upon request and execution of a non-disclosure agreement (NDA). For showings, please contact the listing agent. Please do not disturb tenants or place signage on the property.

Location Insight

City

Grayslake

County

Lake

State

Illinois

Latitude

42.3446

Longitude

-88.041

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