Grayslake IL Real Estate & Commercial for Sale

One-story, single tenant, frame constructed commercial office building, with open interior space area and additional private offices, plus a kitchen area, two bathrooms and storage. The overall gross square footage is at 2,200 feet, and situated on an irregular lot of 57 x 288 x 213 x 59 feet; giving approximately 12,700 sqft in area. There are also and an overhead entrance door on the south part of the property. The location is zoned General Business District with frontage along Route 83, giving a variety of commercial uses. The property is set back from the main road by approximately 80 feet, accommodating approximately 10 parking spaces with additional rear area for storage or parking. A modest amount of building TLC here will go a long way.

Fully operating motel/hotel for 30 years with 11 rooms, plus main office and owners living unit. Raised rents August 2022 September 2022 income: $13,556.30 October 2022 income: $12,447.42 2021 gross income: $121,897 Real Estate Taxes: $12,459 ~85% Occupancy Rate Part of motel is booked with Long-Term tenants Bus stop directly across the street 4 Suites 3 Double Bed 3 Single 1 Double and twin 1 manager residence 1 garage Zoned General Commercial PERMITTED: Caretaker's Dwelling unit, College, community service, government use, day care, hospital, religious institution, church, school, conditional use for Cannabis Dispensary, Cannabis Craft Grower, Cannabis Processing Center, Adult-use Cannabis Infuser, Adult-use Cannabis Cultivation Center, Adult-use Cannabis Transporter, Photocopy, blueprint services, Medical cannabis dispensary, Kennels, animal shelter/obedience school (without outdoor runs), Ice cream shop, Hotels and motels, Health club, Greenhouse/nursery, retail, Gift shop, Garden center, Crematorium, Antique sales, Art gallery, Bicycle shop, Consumer vehicle sales/rental (e.g., cars, pickup trucks, SUVs, motorcycles) (indoor), Sporting goods store, Veterinary clinic, General retail sales and service not otherwise classified, Neighborhood-oriented retail sales and service not otherwise classified. CONDITIONAL USE: Kennels, animal shelter/obedience school (with outdoor runs), Recreational vehicle sales, Restaurant or coffee shop, vehicle repair, vehicle service, Recycling center, Wholesale sales, Agriculture

Trophy Building in vibrant downtown Grayslake! This almost 7,000 square foot building housed the Grayslake Library for decades. The owner remodeled with high end finishes and split the space into multiple office/retail suites. Stroll into the classy main corridor to access the suites. Porcelain tile throughout common area corridor and bathrooms. Great mix of tenants consist of financial, photo, music, spa, sewing, accounting and insurance with MyEyeDr. as anchor. NNN multi year leases. Climate controlled with central air and gas forced air. Seller will consider sale/lease back or move your business into office suite. Fully leased building with strong financials available upon request and NDA. Please do not disturb tenants. No FOR SALE signs. Call LO to set up showings.

NOW FULLY RENTED: Great investment property in downtown Grayslake with steady income and upside potential! Five first floor stores and four big apartments above. Many long term tenants who love the location. Walking distance to just about everything you need. Municipal parking areas nearby and very little to maintain. Several newer restaurants and breweries up and down the block. It's a great place to live and work which has been driving rents up over the years. Three storefronts face Center and two additional in back on the alley. The apartments are a mixture of 1,2 and 3 bedroom units. There are two PINs and it was originally two buildings that were combined years ago.

Calling all investors, philanthropic groups, foundations, and entrepreneurs! With over an acre of tranquil land and wildlife, this property operated as a farm based Montessori School for many years. The charming "Blue House" offers 2370 sq. ft of smaller offices, larger classrooms, large kitchen, basement, attic, 2 restroom facilities (plus another one in the attic), and a parking lot. Property falls under the Liberty Prairie Foundation, use and improvements must be consistent with Conservation purposes. Immediate close available. Option to purchase with classroom materials already in place. Lot is rectangular in shape (non-corner) at 62,208 square feet (2 pins). Ideal for small school campus, nature studies, yoga studio, or arts / music center with picturesque park like setting. Very convenient - walkable to the train station. With endless opportunities here you don't want miss it!