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    FOR SALE
    Retail space

    55 N Barron Blvd, Grayslake, IL 60030

    8,380 SF 0.34 ac lot Built 1955
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US28-1974610
    Property summary
    AI-generated overview

    This Grayslake retail property, located at 55 Barron Blvd (cross street: Center St.), offers 8,380 square feet in a single-story building constructed in 1955 and renovated in 2005. The property features three suites, with 4,800 square feet currently vacant and available for lease. The minimum divisible space is 3,800 square feet, with a maximum contiguous space of 4,800 square feet. The building boasts almost 50 feet of frontage on busy Route 83 (Barron Blvd.), providing excellent visibility and signage opportunities. Large windows allow for abundant natural light. The space currently operates as a month-to-month thrift shop and includes mostly open floor space, along with two overhead doors ideal for deliveries, storage, or workshop use. The property benefits from its location next to the recently expanded Texas Bebe's Quesobarria restaurant, ensuring high foot traffic. Thirty parking spaces are available for customers and employees. The property is zoned GB and has an APN of 0626402014. This prime retail location offers easy access and ample parking, making it an excellent opportunity for a variety of businesses.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1955
    Construction BRICK
    Total area 8,380 SF
    Lot 0.34 ac (14,998 SF)
    APN 06-26-402-014
    UPID US28-1974610
    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
    $712k
    Blend (final) Blend
    $705k
    Owner & transaction history
    55 N Barron Blvd LLC · 21 yrs held
    55 N Barron Blvd LLC
    since 2005
    3 recorded transactions
    2005
    $675,000
    2005
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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