www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32625296
32625315

250 Center Street, Grayslake, IL 60030 For Sale

@properties Commercial
Listed by @properties Commercial
$3,750,000
66 days on market
Updated 59 days ago

250 Center Street

Details
APN 06263110060000
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 9,165
Cap Rate 7.36%
NOI $276,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 10
Rent Bumps Yes
Year Built 1925
Year Renovated 2022
Stories 2
Lot Size (SqFt) 3,180
Zoning C-B
Occupancy Date 05/20/2026
Ground Lease No

Fantastic sale leaseback opportunity in Grayslake, 250 - 266 Center St Grayslake, IL. Well Position

Marketing description

Fantastic sale leaseback opportunity in Grayslake, 250 - 266 Center St Grayslake, IL. Well Positioned on a prime corner on Center street and Seymour Ave. The First draft Bar/Restaurant and Entertainment complex is available for purchase on a Sale Leaseback basis, The Owner/Tenant will discuss a 10 year or longer lease on an NNN Schedule, The multi-level restaurant/Bar space building is 9165 SQ Ft, with a full and completely buildout kitchen, Black Iron, Full ANSUL Fire Control System Freezers and food prep/catering areas, All FF&E top Quality, Feature Upper and lower dining areas, outdoor patios, and Upper Level outdoor dining areas. Upper and lower-level Bars with full high-end Buildouts, & Beverage hookups. The expansive second floor is ideal for private events and Large Parties, The building supports a mix of restaurant, entertainment, and Banquet Uses, Absolute top of the Line Buildout, C-B Zoning, Full fire control and Sprinkler System, An Amazing location in the heart of The Downtown Grayslake Shopping District. Located just west of Rt 83. surrounded by established neighborhood retail. An Outstanding investment opportunity benefiting from in-place income Do not Bother the Tenant, Call Listing broker for all showings, Pin Numbers - 0626311006- 0626311007

Investment highlights

Fantastic sale leaseback opportunity in Grayslake, 250 - 266 Center St Grayslake, IL.

Well Positioned on a prime corner on Center street and Seymour Ave.

The First draft Bar/Restaurant and Entertainment complex is available for purchase on a Sale Leaseback basis,

The Owner/Tenant will discuss a 10 year or longer lease on an NNN Schedule,

The multi-level restaurant/Bar space building is 9165 SQ Ft, with a full and completely buildout kitchen, Black Iron, Full ANSUL Fire Control System Freezers and food prep/catering areas, All FF&E top Quality, Feature Upper and lower dining areas, outdoor patios, and Upper Level outdoor dining areas. Upper and lower-level Bars with full high-end Buildouts, & Beverage hookups.

The expansive second floor is ideal for private events and Large Parties,

The building supports a mix of restaurant, entertainment, and Banquet Uses,

Absolute top of the Line Buildout, C-B Zoning, Full fire control and Sprinkler System, An Amazing location in the heart of The Downtown Grayslake Shopping District.

Located just west of Rt 83. surrounded by established neighborhood retail.

An Outstanding investment opportunity benefiting from in-place income Do not Bother the Tenant, Call Listing broker for all showings, Pin Numbers - 0626311006- 0626311007

Icon
Powered by MRED
Learn More

Listing Contacts

@properties Commercial
Listed by @properties Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$276,000.00
$23,000.00/mo

Valuation Metrics

0
DSCR
7.36%
Cap Rate
7.36%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591