Financial
Distress signals
Property profile

115 Commerce Dr Grayslake, IL 60030

FOR LEASE
Office buildings
Property ID
US28-5859710
7,942 SF 0.69 ac lot Built 1993
Last sale Dec 2004 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This is an office space configured for professional office use, suitable for services such as accounting and legal practices. The space is located within a multi-tenant professional building that includes medical and professional offices, including doctors, dentists, attorneys, and accountants. The building is situated in proximity to a main post office.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value$256k
Assessed land$116k
Assessed improvement$139k
Effective rate8.84%

Value estimate

· Sep 2026
$415k
$374k – $457k
Submarket $/SF estimate$832k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$97/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$61 – $137

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.4
Storage Facility15.2
Parking Facility14.6

Location

115 Commerce Dr Grayslake, IL 60030
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1186 Washington St, Grayslake, IL 60030-7960 $6,000,000 Jul 2025 9,600 SF
Belvidere, Grayslake, IL 60030 $2,825,000 Feb 2025 7,800 SF
134 Ctr, Grayslake, IL 60030-3657 $1,125,000 Sep 2023 7,410 SF
1015 Corporate, Grayslake, IL 60030-7813 $457,000 May 2022 7,548 SF
1077 Corporate, Grayslake, IL 60030-7835 $540,000 Dec 2021 9,569 SF
305 Il Rte 83, Grayslake, IL 60030-1649 $450,000 Aug 2020 7,700 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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