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    OFF-MARKET
    Retail properties & Spaces

    136 Rear, Grayslake, IL 60030

    12,474 SF
    Property ID
    Property summary
    AI-generated overview

    This 765-square-foot retail space, located at 136 Center Street Unit 136 Rear in Grayslake, IL 60030, is available for lease starting May 1, 2024. Currently occupied by Green Insurance for 20 years, the space is situated in a prime retail district in downtown Grayslake, offering excellent visibility and accessibility. The unit is located at the rear of a 12,474 square foot building, facing a large municipal lot providing ample free parking for customers. Interior features include carpeted floors, decorated drywall and ceilings, flush-mounted lighting fixtures, and individual HVAC control. Two service doors provide convenient access: a rear door leading directly to the municipal parking lot and a side door opening into a common hallway. Shared restrooms are located in the hallway. The space is part of a Class "A" retail-office-mixed use center, anchored by established businesses such as Keller Williams Real Estate, This Old Book Store, Bombshell Beauty Salon, and Canine Clippers. Its location offers proximity to the Metra station and benefits from high foot traffic in a heavily traveled commercial retail corridor. The previous tenant's long-term occupancy speaks to the desirability of this location. This presents a unique opportunity for a business seeking a well-maintained space in a thriving downtown area. The property is a single-tenant space within a larger building and is categorized as street retail.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 12,474 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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