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INVESTMENT HIGHLIGHTS
- Heavy foot traffic
- Abundance of natural light and visibility
- Located in Center of a vibrant downtown district
EXECUTIVE SUMMARY
**Prime Commercial Property in the Heart of Downtown Grayslake: 132 Center Street** Located in the vibrant, sought-after downtown area of Grayslake, this exceptionally well-built block building is ready for its next phase. With a long-standing history as an owner-occupied hair salon that has thrived for over 30 years, this space offers great potential for a variety of uses. This property is perfect for those looking to combine work and home life. The front retail space, spanning 1,291 square feet, provides ample room for your business, while the 1,001-square-foot residential space in the back offers an ideal living environment. Enjoy the convenience of running your business from the comfort of your own property. For investors, this building is a great revenue-generating opportunity with a strong chance for significant appreciation. Create cashflow by leasing the commercial and residential spaces together or separately. With Commercial Business zoning, this property supports a wide range of uses, making it adaptable to evolving business or development needs. There is also potential for significant expansion, including the possibility of a four-story renovation. Grayslake is a highly desirable community, conveniently located almost midway between Chicago and Milwaukee. With an above average household income, the area offers a thriving local economy and a growing population eager to support new businesses and developments. This unique property is a must-see for entrepreneurs, investors, or anyone seeking a prime location in a vibrant and growing downtown community. Don't miss your chance to secure a piece of Grayslake's future!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,742 SF
Building Class
C
Year Built
1954
Price
$697,600 CAD
Price Per SF
$254.41 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.79
Lot Size
0.08 AC
Zoning
CB - Commercial Business which allows a wide variety of uses.
Parking
2 Spaces (0.73 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-26-310-030 | Improvements Assessment | $89,512 CAD |
| Land Assessment | $15,208 CAD | Total Assessment | $104,720 CAD |
PROPERTY TAXES
Parcel Number
06-26-310-030
Land Assessment
$15,208 CAD
Improvements Assessment
$89,512 CAD
Total Assessment
$104,720 CAD
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132 Center St
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