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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    61 Ctr St, Grayslake, IL 60030-3620

    0.13 ac lot
    Individually Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US28-1839013
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a fully built-out 6,000 square foot daycare space in the vibrant Downtown Grayslake area of Lake County. The property boasts a significant advantage with a rare 3,500 square foot outdoor play area, perfect for a daycare or similar business. Convenient surface-level parking is readily available, a significant benefit in a bustling downtown location. Its prime location offers easy access to Route 120 and the Grayslake Metra train station, ensuring excellent accessibility for both employees and clients. The property is situated amongst a strong mix of local and national tenants along Center Street, contributing to a thriving commercial environment. This location benefits from a high average household income exceeding $127,000, indicating a strong consumer base. This single-tenant retail space represents an excellent opportunity to establish or expand a business in the heart of a prosperous suburban market. The existing daycare build-out significantly reduces initial investment costs and allows for immediate occupancy. The combination of convenient location, ample parking, and a strong demographic profile makes this property an attractive investment. This is a rare opportunity to secure a well-positioned retail space in a desirable downtown setting.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.13 ac (5,846 SF)
    APN 06-26-313-006
    UPID US28-1839013
    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
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    Owner & transaction history
    Prem Sankar Dhandayuthapani · 8 yrs held
    Prem Sankar Dhandayuthapani
    since 2017
    2 recorded transactions
    2017
    $2.2M
    2010
    $1.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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