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    Property profile & analytics

    350 Center St Grayslake, IL 60030

    • Manufacturing properties
    • 34,218 SF
    • 1.27 lot acres
    For Sale
    View listing
    $1,995,000
    Value Estimation
    Last Sale
    Oct 15, 2024
    Location Intelligence
    Property ID
    US28-1545271
    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

    • Manufacturing properties

    Property Details for 350 Center St

    Year built
    1952
    Construction
    BRICK
    Lot size
    1.27 lot acres
    Property size
    34,218 SF
    Property type
    Manufacturing properties
    APN
    06-26-300-029
    APU
    626300029

    Description

    This exceptional Grayslake business opportunity presents a substantial 34,218-square-foot office/warehouse facility situated on a 1.27-acre lot in the central business district. Priced attractively at $1,995,000, this property offers significant value at under $60 per square foot. The property features a unique blend of older and newer construction. The front 12,000-square-foot section, a brick and frame structure built in 1952, houses office space and loading docks. This area includes a sprinkler system, employee restrooms, air conditioning, and gas forced-air heat. A large, floored loft area provides additional storage. The rear 22,000-square-foot warehouse, added in 2006, boasts a clear span design measuring 80 feet wide by 275 feet long. Constructed of steel, brick, and glass, this section features partial concrete flooring and compacted grindings. Multiple existing openings are suitable for large overhead doors. The property is zoned Limited Industrial. The sale is offered "as is," with some equipment and materials remaining on-site. This property is ideal for a variety of industrial or manufacturing uses and presents a rare opportunity to acquire a large, well-located facility at a competitive price.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $680,000

    • CAP approach

      CAP return
      Estimation
      6%
      $635,000
      6.5%
      $630,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $555,000
      Geo Method
      $665,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $735,000
      Retail
      $585,000
      Mixed-Use
      $585,000
      Hospitality
      $740,000
      Educational
      $735,000
      Residential Income
      $740,000
      Energy
      $700,000
      Income-Based Land
      $585,000
      Food Service
      $750,000

    Location Insight

    • Map
    • Local Demand
    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -88.0389
    Latitude
    42.3453
    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
    $36,630
    $154,594
    $206,484
    $361,078
    -
    $463,828
    $619,514
    $1,083,342

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    • Value Estimation
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      MANUFACTURING (LIGHT) • 1,925 SF
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    350 Center St
    Grayslake, IL 60030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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