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Investment Highlights

  • Great corner location
  • Excellent zoning
  • Solid brick and concrete buildings

Executive Summary

Prime location at the corner of Center and Slusser in thriving downtown Grayslake in front of a municipal parking lot. The village has invested heavily in the downtown area and it has become a popular destination in central Lake County.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $15,069 $4.78
Other Income - -
Vacancy Loss - -
Effective Gross Income $15,069 $4.78
Taxes $13,363 $4.24
Operating Expenses $1,706 $0.54
Total Expenses $15,069 $4.78
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $15,069
Annual Per SF $4.78
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $15,069
Annual Per SF $4.78
Taxes (CAD)
Annual $13,363
Annual Per SF $4.24
Operating Expenses (CAD)
Annual $1,706
Annual Per SF $0.54
Total Expenses (CAD)
Annual $15,069
Annual Per SF $4.78
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
3,150 SF
Building Class
C
Year Built
1960
Price
$864,475 CAD
Price Per SF
$274.44 CAD
Cap Rate
1%
NOI
$8,645 CAD
Percent Leased
20%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,150 SF
Building FAR
0.90
Lot Size
0.08 AC
Zoning
CB - Central Business district which allows up to four stories
Parking
8 Spaces (2.19 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Anderson Law Firm
  • -
  • 600 SF
  • $28.82 CAD
  • Modified Gross
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Anderson Law Firm - 600 SF $28.82 CAD Modified Gross -
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 06-26-310-010
  • 06-26-310-009
Land Assessment
$23,943 CAD (2024)
Improvements Assessment
$105,289 CAD (2024)
Total Assessment
$129,232 CAD (2024)
Annual Taxes
$13,363 CAD ($4.24 CAD/SF)
Tax Year
2023
  • Listing ID: 31244016

  • Date on Market: 2024-03-17

  • Last Updated:

  • Address: 102-106 Center St, Grayslake, IL 60030

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