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OFF-MARKET
Retail properties & Spaces

405 Illinois 83 Grayslake, IL 60030

17,200 SF
Property ID
Property summary
AI-generated overview

This exceptional 5,200 square foot retail/flex space is located within the Three Roads Center in Grayslake, Illinois, at 405 S Illinois 83, zip code 60030. Situated in Lake County, this property offers a versatile space ideal for a variety of uses, including gyms, fitness centers, places of worship, and various retail businesses. The space is part of a larger 17,200 square foot shopping center with multiple tenants. The unit boasts impressive 12-foot ceilings in the front and 14-foot ceilings in the rear, providing ample vertical space. The space is fully climate-controlled, featuring rooftop heating and air conditioning units for year-round comfort. Four drive-in doors provide convenient access for loading and unloading. This exceptional opportunity presents a low rental rate, as low as $12 per square foot gross. The property's prime location and flexible space make it an attractive option for businesses seeking a high-visibility location in a thriving community. Don't miss this chance to secure this exceptional retail/flex space in Grayslake.

Property profile
Verified
Property type Retail properties & Spaces
Total area 17,200 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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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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