Grayslake, IL Restaurants for Sale

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Round Lake Beach, IL Libertyville, IL Lake Villa, IL

Updated: Mar 18, 2024

Grayslake Corner Location For Sale

102-106 Center St, Grayslake, IL 60030

$599,900

3,150 sqft

Prime corner location in downtown Grayslake (Center and Slusser St.)
Redevelopment opportunity with downtown zoning (CB) allowing up to 4 stories
Private parking lot with 9 spaces
High‑traffic location across from restaurants, stores, apartments, and condos
Existing tenant (attorney) provides immediate income

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This listing looks promising.

Here's a quick look at some key insights for

102-106 Center St, Grayslake, IL 60030

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Est. Cap Rate

5.4%
NOI ÷ price
Est. NOI

$32K
Annual
Price @ 7% Cap

$460K
Suggested

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Updated: Jul 16, 2024

Renovated Storefront Building on Highway

55 N Barron Blvd, Grayslake, IL 60030

$899,900

8,380 sqft

High‑traffic location on a busy state highway in the heart of Grayslake.
Two‑unit storefront building fully renovated in 2005.
Currently occupied by two tenants, including a restaurant (Texas Bebe’s Quesobarria) with a recently renewed lease.
New 5‑year lease with experienced operator (Wild Raspberry Resale) at $12/SF.
Ample parking with 30 spaces on a separate parcel.

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Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 2 Active listings in Grayslake, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 20 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Bar and Apartment on Corner

35480 N Fairfield Road, Round Lake, IL 60073

$699,000

0.36 AC lot

Established bar with pool tables and video gaming plus an on-site 2-bedroom apartment generating rental income.

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Turnkey Restaurant with Full Bar

1440 E Grand Avenue, Lindenhurst, IL 60046

$899,990

0.89 AC lot

Turnkey Mexican seafood restaurant on a remodeled former Burger King site with a full bar, gaming area, and ample parking.

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Versatile Commercial Property in Lindenhurst

625 N Bridgeport Terrace, Lindenhurst, IL 60046

$1,600,000

9,128 sqft

Expansive property with retail space, warehouse, and development potential.

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Commercial Parcel in Madrona Village

23403 IL-120, Round Lake, IL 60073

$795,000

4.00 AC lot

4-acre commercial parcel suitable for various development projects.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Mundelein, IL Commercial Land

331 Plaza Circle lot: 4, Mundelein, IL 60060

$286,000

0.43 AC lot

Commercial land available in Mundelein, Illinois.

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Antioch Land for Business Use

1207 Main Street, Antioch, IL 60002

$738,000

1.64 AC lot

1.64 acre commercial land parcel in Antioch, Illinois.

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Island Lake Commercial Land Available

NEC Route 176 & Westridge Drive, Island Lake, IL 60042

$1,500,000

7.51 AC lot

Highly visible 7.5 acre commercial land for sale.

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Waukegan Land Development Opportunity

1213 Grand Avenue, Waukegan, IL 60085

$559,000

1.49 AC lot

Prime vacant land for commercial development in Waukegan, Illinois.

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Off-Market Properties in Grayslake, IL

Consider similar Off-Market properties in Grayslake, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RESTAURANT

775 Belvidere Rd, Grayslake, IL 60030-2466

$1,390,000

Estimated value

1,956 sqft · 0.37 AC lot

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RESTAURANT

131 Hawley St, Grayslake, IL 60030-1514

Value Estimation by Request

528 sqft · 0.22 AC lot

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RESTAURANT

1874 Belvidere Rd, Grayslake, IL 60030-2289

$1,845,000

Estimated value

2,844 sqft · 0.36 AC lot

View details

RESTAURANT

454 Ctr St, Grayslake, IL 60030-1626

Value Estimation by Request

798 sqft · 0.22 AC lot

View details

BAR, TAVERN

18580 Old Gages Lk Rd, Grayslake, IL 60030-1775

Value Estimation by Request

3,970 sqft · 0.40 AC lot

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RESTAURANT

33251 Us Hwy 45, Grayslake, IL 60030-2210

Value Estimation by Request

5,164 sqft · 0.27 AC lot

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RESTAURANT

225 Ctr St, Grayslake, IL 60030-1534

Value Estimation by Request

1,140 sqft · 0.03 AC lot

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RESTAURANT

133 Ctr St, Grayslake, IL 60030

$575,000

Estimated value

7,740 sqft · 0.12 AC lot

View details

RESTAURANT

101 Ctr St, Grayslake, IL 60030-3661

Value Estimation by Request

4,760 sqft · 0.22 AC lot

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RESTAURANT

159 Us Hwy 45, Grayslake, IL 60030-2203

Value Estimation by Request

3,932 sqft · 0.36 AC lot

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RESTAURANT

1239 Il Rte 83, Grayslake, IL 60030-7954

Value Estimation by Request

4,436 sqft · 1.08 AC lot

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BAR, TAVERN

18517 Old Gages Lk Rd, Grayslake, IL 60030-1780

Value Estimation by Request

2,958 sqft · 0.14 AC lot

View details

RESTAURANT

161 Ctr St, Grayslake, IL 60030-1532

Value Estimation by Request

3,949 sqft · 0.07 AC lot

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RESTAURANT

125 Ctr St, Grayslake, IL 60030-1532

Value Estimation by Request

3,400 sqft · 0.14 AC lot

View details

Restaurants

115 Illinois 83, Grayslake, IL 60030

Value Estimation by Request

2,790 sqft · 1.64 AC lot

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Restaurants

115 Us-45, Grayslake, IL 60030

Value Estimation by Request

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Restaurants

1276 Illinois 83, Grayslake, IL 60030

Value Estimation by Request

5,500 sqft

View details

RESTAURANT

199 Mcmillan St, Grayslake, IL 60030

Value Estimation by Request

221 sqft · 0.11 AC lot

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RESTAURANT

115 Il Rte 83, Grayslake, IL 60030-1619

Value Estimation by Request

2,790 sqft · 1.58 AC lot

View details

RESTAURANT

1804 Belvidere Rd, Grayslake, IL 60030-2289

$555,000

Estimated value

3,843 sqft · 0.86 AC lot

View details

Grayslake, IL Restaurants Market Trends and Statistics

Explore 22 restaurants for sale in Grayslake, IL on our real estate platform. These investment opportunities span a total of 11,530 square feet of properties for sale, with an estimated market value of $1,499,800.

Sale prices for restaurant properties in Grayslake, IL start at $599,900, averaging $749,900, and reaching up to $899,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 36K

Population Growth (5Y) -3.4%

Median Household Income $104,920

College Educated 67.6%

High-Yield Neighborhoods for Investment

Identify Grayslake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60030	$799.9K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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Grayslake, IL Restaurants for Sale

102-106 Center St, Grayslake, IL 60030

55 N Barron Blvd, Grayslake, IL 60030

Opportunities in Nearby Cities

35480 N Fairfield Road, Round Lake, IL 60073

1440 E Grand Avenue, Lindenhurst, IL 60046

625 N Bridgeport Terrace, Lindenhurst, IL 60046

23403 IL-120, Round Lake, IL 60073

Potential Development Sites for Consideration

331 Plaza Circle lot: 4, Mundelein, IL 60060

1207 Main Street, Antioch, IL 60002

NEC Route 176 & Westridge Drive, Island Lake, IL 60042

1213 Grand Avenue, Waukegan, IL 60085

Off-Market Properties in Grayslake, IL

775 Belvidere Rd, Grayslake, IL 60030-2466

131 Hawley St, Grayslake, IL 60030-1514

1874 Belvidere Rd, Grayslake, IL 60030-2289

454 Ctr St, Grayslake, IL 60030-1626

18580 Old Gages Lk Rd, Grayslake, IL 60030-1775

33251 Us Hwy 45, Grayslake, IL 60030-2210

225 Ctr St, Grayslake, IL 60030-1534

133 Ctr St, Grayslake, IL 60030

101 Ctr St, Grayslake, IL 60030-3661

159 Us Hwy 45, Grayslake, IL 60030-2203

1239 Il Rte 83, Grayslake, IL 60030-7954

18517 Old Gages Lk Rd, Grayslake, IL 60030-1780

161 Ctr St, Grayslake, IL 60030-1532

125 Ctr St, Grayslake, IL 60030-1532

115 Illinois 83, Grayslake, IL 60030

115 Us-45, Grayslake, IL 60030

1276 Illinois 83, Grayslake, IL 60030

199 Mcmillan St, Grayslake, IL 60030

115 Il Rte 83, Grayslake, IL 60030-1619

1804 Belvidere Rd, Grayslake, IL 60030-2289

Grayslake, IL Restaurants Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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