61 Center St Grayslake, IL 60030
- Commercial real estate
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 61 Center St
- Lot size
- 0.13 lot acres
- Property type
- Commercial real estate
- APN
- 06-26-313-006
- APU
- 626313006
Description
This exceptional retail opportunity presents a fully built-out 6,000 square foot daycare space in the vibrant Downtown Grayslake area of Lake County. The property boasts a significant advantage with a rare 3,500 square foot outdoor play area, perfect for a daycare or similar business. Convenient surface-level parking is readily available, a significant benefit in a bustling downtown location. Its prime location offers easy access to Route 120 and the Grayslake Metra train station, ensuring excellent accessibility for both employees and clients. The property is situated amongst a strong mix of local and national tenants along Center Street, contributing to a thriving commercial environment. This location benefits from a high average household income exceeding $127,000, indicating a strong consumer base. This single-tenant retail space represents an excellent opportunity to establish or expand a business in the heart of a prosperous suburban market. The existing daycare build-out significantly reduces initial investment costs and allows for immediate occupancy. The combination of convenient location, ample parking, and a strong demographic profile makes this property an attractive investment. This is a rare opportunity to secure a well-positioned retail space in a desirable downtown setting.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $310,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $270,000
- Mixed-Use
- $350,000
- Hospitality
- $290,000
- Educational
- $315,000
- Residential Income
- $255,000
- Energy
- $355,000
- Income-Based Land
- $345,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Grayslake
- County
- Lake
- State
- Illinois
- Longitude
- -88.0427
- Latitude
- 42.3438
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA