132 Center Street Grayslake, IL $ 500,000
132 Center Street
$ 500,000
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132 Center Street

Grayslake, IL, 60030
$ 500,000
Bedrooms-- Baths-- Sq 2,376
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Property for Rent in Grayslake, IL

for $500,000. This 2,376 square foot property was built in 1954 on a lot size of 0.08781.

**Prime Commercial Property in the Heart of Downtown Grayslake: 132 Center Street** Located in the vibrant, sought-after downtown area of Grayslake, this exceptionally well-built block building is ready for its next phase. With a long-standing history as an owner-occupied hair salon that has thrived for over 30 years, this space offers great potential for a variety of uses. This property is perfect for those looking to combine work and home life. The front retail space, spanning 1,291 square feet, provides ample room for your business, while the 1,001-square-foot residential space in the back offers an ideal living environment. Enjoy the convenience of running your business from the comfort of your own property. For investors, this building is a great revenue-generating opportunity with a strong chance for significant appreciation. Create cashflow by leasing the commercial and residential spaces together or separately. With Commercial Business zoning, this property supports a wide range of uses, making it adaptable to evolving business or development needs. There is also potential for significant expansion, including the possibility of a four-story renovation. Grayslake is a highly desirable community, conveniently located almost midway between Chicago and Milwaukee. With an above average household income, the area offers a thriving local economy and a growing population eager to support new businesses and developments. This unique property is a must-see for entrepreneurs, investors, or anyone seeking a prime location in a vibrant and growing downtown community. Don't miss your chance to secure a piece of Grayslake's future!

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Rental Active

Price

$ 500,000

Taxes

$ 8,013

Style

Commercial

Lot Size

0.08781

Year Built

1954

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12218968

Features
General
Cooling Central Air
Construction Materials Block Fl Brick/Stn Veneer
Year Built 1954
Electric Service - 101 to 200 Amps
Stories Count 1
Township Avon
Property Subtype Other
Tax Year 2023
Current Use Commercial
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions IL Rte. 120 and Center Street west on Center to address.
City Grayslake
Number Of Units Total 2
MLS Area Gages Lake / Grayslake / Hainesville / Third Lake
Lot Size Square Feet 3825
Tax Annual Amount 8013.5
Additional Parcels Y/N N
Leasable Area 2292
Virtual Tour https://my.matterport.com/show/?m=biPuQQHdpCK&
Lease Type N/A
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 2376
Lot Dimensions 25.5X150X25.5X150
Frontage Type City Street
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* Excluded Features
List By
Baird & Warner

Broker

Ben.Lovinger@bairdwarner.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/24/2025$500,000 -9.09% Price Down
7/16/2025$550,000 -8.32% Price Down
5/5/2025$599,900 -4.02% Price Down
3/12/2025$625,000 -3.85% Price Down
12/2/2024$650,000 Listed Price

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132 Center Street, Grayslake, IL, 60030 is a Property for Rent at $500,000 with 2,376 sqft and a lot size of 0.08781. 132 Center Street was built in 1954. The property's zip code is 60030 which is in Grayslake, IL