161 Center Street Grayslake, IL $ 1,489,999
161 Center Street
$ 1,489,999
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161 Center Street

Grayslake, IL, 60030
$ 1,489,999
Bedrooms-- Baths-- Sq 4,702

Monthly Estimate*

$ 10,291

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Commercial Property for sale in Grayslake, IL

for $1,489,999. This 4,702 square foot building was built in 1945 on a lot size of 0.133609.

Great freestanding masonry commercial restaurant Retail building, In downtown Grayslake, Prime location on bustling Center Street Currently built out as a full modern restaurant and bar with a modern commercial kitchen, Features a Black iron cook area with ANSUL System, Currently leased through September, 2027. At the termination of the lease, all fixtures constructed by Lessee, including but not limited to any bars/counters where alcoholic beverages are served, and any built-in liquor cabinets and exhaust/smoke hoods, but excluding any walk-in coolers, shall at Lessor's option, remain for the benefit of the Lessor. Equipped with an expansive Commercial Kitchen, Industrial Hood, Walk-in Freezer/Refrigeration, Turn-key, restaurant and Bar space. Guests can enjoy a vibrant atmosphere with a 50-seat dining room, 25 bar seats, Now is your chance to own a stunning, fully built-out/bar/restaurant in the heart of downtown Grayslake C-B Zoning, Building is 4702 SQ FT feet, Lot is 5820 SQ FT, 6400 (VPD) cars pass this location a day. Right near the corner of Center street & Whitney Great Visibility, Great Demographics, Bldg is completely rehabbed, & very well maintained, Updated ADA Men's and Women's Restrooms, Great signage area, classic facade, 14 FT ceilings, 200 amp electric system, very bright, modern lighting, Gas heat, Completely modern updated wiring for computer and phone system, Updated HVAC, Great potential here, Perfect for an owner user, ideal for a variety of commercial uses, Restaurant Bar, Retail, Ghost Kitchen, Professional use Office insurance, Lawyer, Real estate, Medical use, school, adult education center, Area Retailers and business include, First Draft Bar restaurant, Abel's Cantina Whitney Street Diner, Charlies Bar, The Vine - Martini & Wine Bar Romney Brown Candle Company PIN NUMBER - 0626314039 Do not bother tenant, Call listing agent for showing.

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Commercial Active

Price

$ 1,489,999

Property Type

Commercial

Taxes

$ 15,345

Style

Commercial

Lot Size

0.133609

Year Built

1945

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12777259

Features
General
Sewer Public Sewer
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available Cable Available
Possession Closing Immediate Negotiable
Roof Fiberglass Membrane
Zoning COMMR
Construction Materials Brick
Year Built 1945
Electric Service - 201 to 600 Amps
Stories Count 1
Tax Year 2025
Current Use Commercial
Gross Income 0
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status New
Directions RT 83 TO CENTER STREET IN GREYSLAKE WEST TO ADDRESS.
City Grayslake
Number Of Units Total 1
MLS Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Lot Size Square Feet 5820
Tax Annual Amount 15345
Additional Parcels Y/N N
Leasable Area 4702
Virtual Tour https://tours.positiveimagelive.com/2406134?idx=1
Standard Status Active
Cap Rate 0
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Interior
Flooring Concrete Tile Varies
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Exterior
Water Source Community Water Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 4702
Lot Dimensions 131.8X38.7
Frontage Type City Street Public Road Paved
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* Excluded Features
List By
@Properties Commercial

Broker

mikelevin@atproperties.com

Email

Affordability Calculator

$11,570
Per Month
89%
11%
0%
Monthly Principal & Interest
$10,291
Monthly Property Taxes
$1,279
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$1,489,999 Listed Price

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161 Center Street, Grayslake, IL, 60030 is a Commercial Property for sale at $1,489,999 with 4,702 sqft and a lot size of 0.133609. 161 Center Street was built in 1945. The property's zip code is 60030 which is in Grayslake, IL