147 S US Highway 45 Grayslake, IL $ 3,500
147 S US Highway 45
$ 3,500
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147 S US Highway 45

Grayslake, IL, 60030
$ 3,500
Bedrooms-- Baths-- Sq 3,500
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Property for Rent in Grayslake, IL

for $3,500. This 3,500 square foot property was built in 1920 on a lot size of 1.10333.

Classic Red Brick School House retail space. This unique and high profile building on Rt 45 has over 22,000 daily vehicle counts. Large awning leads customers to antique dual stairway with original mosaic tile. Upper level has massive 8 foot high windows for retail display. Original tin ceiling and trim takes visitors back in time. Lower level for additional display or inventory storage. Newer HVAC and roof. Ample parking. Great signage with letter board. Available Summer 2026. Join Foremost Liquors, Cut and Tan, Local Nails, Little Bit of Me and Tangs Chinese Restaurant. Near Walgreens, McDonald's, Burger King, Etc... Ideal for florist, retail, antique mall, resale shop, athletic training, martial arts, etc... Long time florist plans to retire and is willing to sell business, inventory and customer list. Do not disturb tenants or customers. Broker interest. Tenant pays rent and tax/insurance increases over 2025 base year.

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Rental Active

Price

$ 3,500

Taxes

$ 37,001

Style

Retail

Lot Size

1.10333

Year Built

1920

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12582946

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Negotiable
Roof Composition
Zoning COMMR
Construction Materials Brick
Year Built 1920
Electric Service - 201 to 600 Amps
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Taxes Insurance Repairs Scavenger Sewer
Stories Count 2
Township Warren
Tax Year 2024
Current Use Commercial
Gross Income 0
Business Type Retail
Assoc Fee Paid Per Not Applicable
County Lake
Operating Expense 0
Property Type Commercial Lease Retail/Stores
Status New
Directions From State Rt. 120 & State Rt. 45 North on Rt. 45 to Address
City Grayslake
Number Of Units Total 5
MLS Area Gages Lake / Grayslake / Hainesville / Third Lake
Lot Size Square Feet 48061
Tax Annual Amount 37001
Leasable Area 3500
Lease Type Modified Gross
Standard Status Active
Total Actual Rent 3500
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Interior
Flooring Carpet Concrete Tile
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Lot Dimensions 235 X 216 X 242 X 215
Frontage Type US Highway
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* Excluded Features
List By
Robert E. Frank Real Estate

Broker

robertefrankrealestate@gmail.com;Landman5263@aol.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2026$3,500 Listed Price

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147 S US Highway 45, Grayslake, IL, 60030 is a Property for Rent at $3,500 with 3,500 sqft and a lot size of 1.10333. 147 S US Highway 45 was built in 1920. The property's zip code is 60030 which is in Grayslake, IL