Listed by Re/Max Plaza
$899,900
55 Barron Grayslake
Details
APN 0626402014
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 8,380
Net Rentable (SqFt) 8,380
Units 2
Cap Rate 9.28%
NOI $83,472
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 9.28%
Pro-Forma NOI $83,472
Price per SqFt $107
Class B
Year Built 1955
Year Renovated 2005
Buildings 1
Stories 1
Lot Size (SqFt) 28,800
Zoning GB
Investment Type Owner/User
Tenant Credit No Credit Rating
Occupancy Date 08/31/2024
Ownership LLC
Retail | 9.28% CAP | 8,380 SqFt
Marketing description
An attractive two unit storefront building that was completely renovated in 2005. Currently occupied by Texas Bebe’s Quesobarria (restaurant) which recently expanded and renewed their lease for 3,500 SF. The other space has been a thrift shop for many years and recently was rented to an experienced new operator (Wild Raspberry Resale) on a new 5 year lease at a rate of $12/ SF- modified gross. It is about 4,800 SF and has two overhead doors and almost 50’ wide with large windows facing Route 83. There are two parcels, one of which is a parking lot and there are 30 spaces. Located on a busy state highway in the heart of Grayslake. Excellent signage, visibility and access!
Investment highlights
Excellent condition
Plenty of parking
Easy access
High traffic location
Listing Contacts
Listed by Re/Max Plaza
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,472.00
$6,956.00/mo
Valuation Metrics
0
DSCR
9.28%
Cap Rate
9.28%
ROI
Map
Zoning
GB CommercialGeneral CommercialGeneral Business
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View all 141 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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