Property profile

1860 Illinois 83 Grayslake, IL 60030

OFF-MARKET
Warehouses
1,850 SF Built 2003
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Property summary

AI-generated overview

This exceptional 1,850-square-foot warehouse space, located at 1860 N Illinois 83, Unit 105 in Grayslake, IL 60030, presents a fantastic opportunity for businesses seeking efficient and versatile industrial space. Built in 2003 and extensively renovated in 2023, this unit boasts a clean, well-maintained interior featuring sealed floors, skylights, painted walls, and a painted roof deck. The high ceilings, measuring approximately 11 feet, provide ample vertical space for storage and operations. The unit includes one 10' x 10' drive-in garage door, offering convenient access for loading and unloading. The space is fully climate-controlled with 100% heat and air conditioning provided by rooftop HVAC units. Safety features include a sprinkler system and fire alarm. Modern LED lighting enhances efficiency and brightness. This property is ideal for warehouse, flex, or other commercial uses. While this listing focuses on the 1,850 square foot Unit 105, adjacent units totaling approximately 3,700 square feet are also available, offering potential for expansion. These larger units feature additional drive-in doors and a built-out office space of approximately 900 square feet. This prime Grayslake location provides easy access to major transportation routes.

Property profile

Verified
Property type Warehouses
Year built 2003
Total area 1,850 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1860 Illinois 83 Grayslake, IL 60030
Grayslake metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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