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Property profile & analytics

61 Center St Grayslake, IL 60030

  • Commercial real estate
  • 0.13 lot acres
Value Estimation
$295,000
Last Sale
Jan 02, 2025
Location Intelligence
Property ID
US28-1839013
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,070
$15,128
$3,029
$18,157
-
$45,389
$9,088
$54,477
More about this property
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