$1,125,000
$1,245,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
12,270 SqFt
SOLD DATE : 05/12/2023
Key Details
Sold Price $1,125,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 12,270 sqft
Price per Sqft $91
MLS Listing ID 11305226
Sold Date 05/12/23
Year Built 1958
Annual Tax Amount $30,802
Tax Year 2021
Lot Dimensions 65 X 150
Property Sub-Type Retail/Stores
Property Description
NOW FULLY RENTED: Great investment property in downtown Grayslake with steady income and upside potential! Five first floor stores and four big apartments above. Many long term tenants who love the location. Recent price change based on the remodel of two apartments and increased rents! Walking distance to just about everything you need. Municipal parking areas nearby and very little to maintain. Several newer restaurants and breweries up and down the block. It's a great place to live and work which has been driving rents up over the years. Three storefronts face Center and two additional in back on the alley. The apartments are a mixture of 1,2 and 3 bedroom units. There are two PINs and it was originally two buildings that were combined years ago.
Location
State IL
County Lake
Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 2
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Nicholas Di Brizzi • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "