250 Center Street Grayslake, IL $ 3,750,000
250 Center Street
$ 3,750,000
Recently Listed
Share Save

250 Center Street

Grayslake, IL, 60030
$ 3,750,000
Bedrooms-- Baths-- Sq 9,165

Monthly Estimate*

$ 23,089

250 Center Street, Grayslake, IL 60030 - Image 1
250 Center Street, Grayslake, IL 60030 - Image 2
250 Center Street, Grayslake, IL 60030 - Image 3
250 Center Street, Grayslake, IL 60030 - Image 4
250 Center Street, Grayslake, IL 60030 - Image 5
250 Center Street, Grayslake, IL 60030 - Image 6
250 Center Street, Grayslake, IL 60030 - Image 7
250 Center Street, Grayslake, IL 60030 - Image 8
250 Center Street, Grayslake, IL 60030 - Image 9
250 Center Street, Grayslake, IL 60030 - Image 10
250 Center Street, Grayslake, IL 60030 - Image 11
250 Center Street, Grayslake, IL 60030 - Image 12
250 Center Street, Grayslake, IL 60030 - Image 13
250 Center Street, Grayslake, IL 60030 - Image 14
250 Center Street, Grayslake, IL 60030 - Image 15
250 Center Street, Grayslake, IL 60030 - Image 16
250 Center Street, Grayslake, IL 60030 - Image 17
250 Center Street, Grayslake, IL 60030 - Image 18
250 Center Street, Grayslake, IL 60030 - Image 19
250 Center Street, Grayslake, IL 60030 - Image 20
250 Center Street, Grayslake, IL 60030 - Image 21
250 Center Street, Grayslake, IL 60030 - Image 22
250 Center Street, Grayslake, IL 60030 - Image 23
250 Center Street, Grayslake, IL 60030 - Image 24
250 Center Street, Grayslake, IL 60030 - Image 25
250 Center Street, Grayslake, IL 60030 - Image 26
250 Center Street, Grayslake, IL 60030 - Image 27
250 Center Street, Grayslake, IL 60030 - Image 28
250 Center Street, Grayslake, IL 60030 - Image 29
250 Center Street, Grayslake, IL 60030 - Image 30
250 Center Street, Grayslake, IL 60030 - Image 31
250 Center Street, Grayslake, IL 60030 - Image 32
250 Center Street, Grayslake, IL 60030 - Image 33
250 Center Street, Grayslake, IL 60030 - Image 34
250 Center Street, Grayslake, IL 60030 - Image 35
250 Center Street, Grayslake, IL 60030 - Image 36
250 Center Street, Grayslake, IL 60030 - Image 37
View a Virtual Tour

Commercial Property for sale in Grayslake, IL

for $3,750,000. This 9,165 square foot building was built in 1925 on a lot size of 0.073003.

Fantastic sale leaseback opportunity in Grayslake, 250 - 266 Center St Grayslake, IL. Well Positioned on a prime corner on Center street and Seymour Ave. The First draft Bar/Restaurant and Entertainment complex is available for purchase on a Sale Leaseback basis, The Owner/Tenant will discuss a 10 year or longer lease on an NNN Schedule, The multi-level restaurant/Bar space building is 9165 SQ Ft, with a full and completely buildout kitchen, Black Iron, Full ANSUL Fire Control System Freezers and food prep/catering areas, All FF&E top Quality, Feature Upper and lower dining areas, outdoor patios, and Upper Level outdoor dining areas. Upper and lower-level Bars with full high-end Buildouts, & Beverage hookups. The expansive second floor is ideal for private events and Large Parties, The building supports a mix of restaurant, entertainment, and Banquet Uses, Absolute top of the Line Buildout, C-B Zoning, Full fire control and Sprinkler System, An Amazing location in the heart of The Downtown Grayslake Shopping District. Located just west of Rt 83. surrounded by established neighborhood retail. An Outstanding investment opportunity benefiting from in-place income Do not Bother the Tenant, Call Listing broker for all showings, Pin Numbers - 0626311006- 0626311007

See more

Commercial Active

Price

$ 3,750,000

Property Type

Commercial

Taxes

$ 50,003

Style

Commercial

Lot Size

0.073003

Year Built

1925

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12626713

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing Immediate Negotiable
Roof Membrane
Zoning RTAIL
Construction Materials Brick Concrete
Year Built 1925
Electric Service - 201 to 600 Amps
Stories Count 2
Township Avon
Tax Year 2024
Current Use Commercial
Additional Parcels Description 06263110070000
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 276000
Property Type Commercial Sale Retail/Stores
Status New
Directions Rt 83 in Grayslake To central West to address.
City Grayslake
Number Of Units Total 1
MLS Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Lot Size Square Feet 3180
Tax Annual Amount 50003
Additional Parcels Y/N Y
Leasable Area 9165
Virtual Tour https://tours.positiveimagelive.com/2381484?idx=1
Standard Status Active
Cap Rate 7.36
See more
Interior
Flooring Concrete Tile Varies
See more
Exterior
Water Source Community Water Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 9165
Lot Dimensions 26X95X54X141
Frontage Type City Street County Road Public Road
See more
* Excluded Features
List By
@Properties Commercial

Broker

mikelevin@atproperties.com

Email

Affordability Calculator

$27,256
Per Month
85%
15%
0%
Monthly Principal & Interest
$23,089
Monthly Property Taxes
$4,167
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$3,750,000 Listed Price

Map


See all

250 Center Street, Grayslake, IL, 60030 is a Commercial Property for sale at $3,750,000 with 9,165 sqft and a lot size of 0.073003. 250 Center Street was built in 1925. The property's zip code is 60030 which is in Grayslake, IL