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    FOR LEASE
    Warehouses

    18880 Gages Lake Rd, Grayslake, IL 60030

    4,500 SF 1 ac lot Built 1987
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US28-1970852
    Property summary
    AI-generated overview

    This exceptional 4,500 square foot commercial space in Grayslake, Illinois, is available for sublease to a single-user tenant. Located at 18880 Gages Lake Road, the property sits on a one-acre lot and offers a versatile layout ideal for a variety of businesses. The building features a spacious interior, perfect for workshops, storage, or office space, depending on the tenant's needs. Amenities include ample outside parking and storage areas, providing convenient access and ample room for inventory or equipment. The interior includes a dedicated office area and a restroom. The building benefits from a recently installed, energy-efficient gas heating system, ensuring comfortable year-round operation. The current owner is seeking a sublease arrangement, and a monthly rent estimate of $12 per square foot is available based on a partial shared use scenario at $3,000 per month. This estimate is provided for informational purposes only and is subject to negotiation. The property's prime location in Grayslake offers excellent accessibility and visibility, making it an attractive option for businesses seeking a functional and well-maintained space. Interested parties are encouraged to inquire for further details and to discuss lease terms. This is a unique opportunity to secure a substantial and well-equipped commercial space in a desirable location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1987
    Construction FRAME
    Total area 4,500 SF
    Lot 1 ac (43,560 SF)
    APN 07-19-302-007
    UPID US28-1970852
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    John Samson · 3 yrs held
    John Samson
    since 2022
    4 recorded transactions
    2022
    2012
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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