Property profile

102-106 Center St Grayslake, IL 60030

FOR SALE
Storefront properties
Property ID
US28-Q000047
3,150 SF Built 1960
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Property summary

AI-generated overview

One of the best corner locations in town: Center and Slusser St.!! Thriving downtown Grayslake situated right in front of a municipal parking lot on a busy corner across the street from restaurants, stores, apartments and condos. Two buildings that were combined years ago and have been used for a variety of purposes including office space and most recently a local pharmacy. Currently 2,500 SF is vacant and the rest is leases by an attorney who has been there for years. The property has it’s own private parking lot for 9 cars. Great opportunity for redevelopment and would be a great location for a restaurant, bar with two floors and an outdoor dining area. The downtown zoning (CB) allows for up to 4 stories in height.

Property profile

Verified
Property type Storefront properties
Year built 1960
Total area 3,150 SF
UPID US28-Q000047

Cap rate & NOI

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

Location

102-106 Center St Grayslake, IL 60030
Grayslake metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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