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    Property profile & analytics
    OFF-MARKET Estimated value $2,270,000
    Manufacturing properties

    350 Ctr St, Grayslake, IL 60030-1624

    34,218 SF 1.27 ac lot Built 1952
    Individually Owned Free & Clear
    Property ID
    US28-1545271
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1952
    Construction BRICK
    Total area 34,218 SF
    Lot 1.27 ac (55,321 SF)
    APN 06-26-300-029
    UPID US28-1545271
    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
    $2.27M
    Comparable Approach Comparable
    $2.15M
    Blend (final) Blend
    $2.27M
    Owner & transaction history
    Village Of Grayslake
    Village Of Grayslake
    since 2025
    5 recorded transactions
    2025
    2024
    $400,000
    2024
    2014
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $3.3M +24.9%
    Warehouse, storage $2.9M +9.4%
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