18880 Gages Lake Rd, Grayslake, IL 60030
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.