Grayslake, IL Strip Malls for Lease
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Strip malls for Lease in Nearby Cities
Grayslake, IL Strip malls Lease Rates & Market Statistics
Explore 3 Strip malls for lease in Grayslake, IL on Realmo, a commercial real estate exchange covering the Grayslake area. The current inventory totals 5,750 square feet of properties.
Strip malls lease rates in Grayslake range from $12 SF/Yr at the entry level to $18 SF/Yr at the top of the market, averaging $15 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $15 SF/Yr is 22% below the Illinois state average of $19.33 SF/Yr.
Grayslake accounts for 12% of the 25 strip malls currently available across Lake County, where nearby markets include Libertyville and Buffalo Grove. Strip malls are one of the more limited space types in Grayslake, with just 3 listings currently available — a scarcity worth factoring into lease negotiations. Also worth a look for tenants weighing alternatives: Storefront properties (15 listings) and Shopping centers (4 listings) elsewhere in the Grayslake market.
