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22354295
22354296

132 Center St, Grayslake, IL 60030

BL
IL 475198374
Baird & Warner Libertyville
Listed by Baird & Warner Libertyville
$485,000
466 days on market
Updated 12 days ago

132 Center Street

Details
APN 06263100300000
Property Type Mixed Use, Retail
Sub Type Storefront
Square Footage 2,742
Units 2
Occupancy 50%
Broker Co-Op Yes
Acreage 0.800
Zoning CB
Investment Type Owner/User

Mixed Use Building in Downtown Grayslake

Marketing description

**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!

Investment highlights

  • Heavy Foot Traffic

  • Located in the center of vibrant downtown district

  • Abundance of natural light and visibility

  • Rare 1st floor residential rental unit

Listing Contacts

BL
IL 475198374
Baird & Warner Libertyville
Listed by Baird & Warner Libertyville

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Zoning

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CB CommercialCore CommercialCentral Business
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View all 141 uses
View all 141 uses
Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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