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42 N Lake Street Grayslake, IL $ 475,000
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$ 475,000 Get more info
42 N Lake Street
$ 475,000
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42 N Lake Street

Grayslake, IL, 60030
$ 475,000
Bedrooms-- Baths-- Sq 3,108

Monthly Estimate*

$ 3,281

42 N Lake Street, Grayslake, IL 60030 - Image 1
42 N Lake Street, Grayslake, IL 60030 - Image 2
42 N Lake Street, Grayslake, IL 60030 - Image 3
42 N Lake Street, Grayslake, IL 60030 - Image 4
42 N Lake Street, Grayslake, IL 60030 - Image 5
42 N Lake Street, Grayslake, IL 60030 - Image 6
42 N Lake Street, Grayslake, IL 60030 - Image 7
42 N Lake Street, Grayslake, IL 60030 - Image 8
42 N Lake Street, Grayslake, IL 60030 - Image 9

Commercial Property for sale in Grayslake, IL

for $475,000. This 3,108 square foot building was built in 1958 on a lot size of 0.52.

This 3,108 square-foot freestanding building offers an owner-user or investor a rare corner position at the edge of the historic downtown Grayslake. Corner visibility, 15+ on-site parking spaces, and outdoor area and Central Business zoning are paired with walkable access to local shops, dining and Metra service. The well-maintained building and flexible commercial layout supports retail, office, medical, daycare or service-oriented uses.

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Commercial Active

Price

$ 475,000

Property Type

Commercial

Taxes

$ 19,148

Style

Lot Size

0.52

Year Built

1958

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12797084
Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 1958
Electric Circuit Breakers
Stories Count 1
Township Avon
Property Subtype Office
Tax Year 2025
Gross Income 0
County Lake
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Office/Tech
Status New
Directions Slusser St & Hawley St in Downtown Grayslake. West 1 Block to Lake St property is on the SouthWest corner.
City Grayslake
Number Of Units Total 1
MLS Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Lot Size Square Feet 22800
Tax Annual Amount 19148
Additional Parcels Y/N N
Leasable Area 3108
Standard Status Active
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Exterior
Building Area Total 3108
Lot Dimensions 150X152
Lot Size Acres 0.52
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* Excluded Features
List By
Sperry Van Ness

Broker

angelo.labriola@svn.com

Email

Affordability Calculator

$4,876
Per Month
67%
33%
0%
Monthly Principal & Interest
$3,281
Monthly Property Taxes
$1,596
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
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Pricing History
DatePricePrice ChangeDescription
10/29/2026$475,000 Listed Price

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42 N Lake Street, Grayslake, IL, 60030 is a Commercial Property for sale at $475,000 with 3,108 sqft and a lot size of 0.52. 42 N Lake Street was built in 1958. The property's zip code is 60030 which is in Grayslake, IL

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