Property profile

350 Ctr St Grayslake, IL 60030

OFF-MARKET
Manufacturing properties
Property ID
US28-1545271
34,218 SF 1.27 ac lot Built 1952
Individually Owned Free & Clear
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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

Location

350 Ctr St Grayslake, IL 60030-1624
Grayslake metro Census 861108 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.27M
Comparable Approach Comparable
$2.15M
Blend (final) Blend
$680k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2024
$400,000
2024
Price N/A
2014
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $3.3M +24.9%
Warehouse, storage $2.9M +9.4%

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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