161 Center St

Grayslake, IL 60030
  • $1,489,999

    Price
  • 4,702

    SqFt
  • 0.13

    Acre

About the Listing 85348 - 139260

Great freestanding masonry commercial restaurant Retail building, In downtown Grayslake, Prime location on bustling Center Street Currently built out as a full modern restaurant and bar with a modern commercial kitchen, Features a Black iron cook area with ANSUL System, Currently leased through September, 2027. At the termination of the lease, all fixtures constructed by Lessee, including but not limited to any bars/counters where alcoholic beverages are served, and any built-in liquor cabinets and exhaust/smoke hoods, but excluding any walk-in coolers, shall at Lessor's option, remain for the benefit of the Lessor. Equipped with an expansive Commercial Kitchen, Industrial Hood, restaurant and Bar space. Guests can enjoy a vibrant atmosphere with a 50-seat dining room, 25 bar seats, Now is your chance to own a stunning, fully built-out/bar/restaurant in the heart of downtown Grayslake C-B Zoning, Building is 4702 SQ FT feet, Lot is 5820 SQ FT, 6400 (VPD) cars pass this location a day. Right near the corner of Center street & Whitney Great Visibility, Great Demographics, Bldg is completely rehabbed, & very well maintained, Updated ADA Men's and Women's Restrooms, Great signage area, classic facade, 14 FT ceilings, 200 amp electric system, very bright, modern lighting, Gas heat, Completely modern updated wiring for computer and phone system, Updated HVAC, Great potential here, Perfect for an owner user, ideal for a variety of commercial uses, Restaurant Bar, Retail, Ghost Kitchen, Professional use Office insurance, Lawyer, Real estate, Medical use, school, adult education center, Area Retailers and business include, First Draft Bar restaurant, Abel's Cantina Whitney Street Diner, Charlies Bar, The Vine - Martini & Wine Bar Romney Brown Candle Company PIN NUMBER - 0626314039 Do not bother tenant, Call listing agent for showing.

Listing Highlights for 161 Center St

Status Active
Days on Site 6
Property Type Commercial Sale
MLS ® 12777259
Year Built 1945
Total Square Footage 4,702
Lot/Acreage 0.13

Interior Details

  • Appliances:
  • Air Cond: Central Air
  • Heating: Central Bldg Heat,Forced Air
  • Fireplaces:
  • Floor: Concrete,Tile,Varies
  • Basement:
  • Other:
  • Water: Community Water,Municipal Water

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 131.8X38.7
  • Zoning: COMMR
  • Roof: Fiberglass,Membrane
  • Others:
  • Sewer: Public Sewer
  • Parking Features: 1-5 Spaces

Financial Details

  • Tax Amount: $15,345
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 06263140390000
  • Tax Year: 2025

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Listing Location

Questions About..

161 Center St Grayslake, IL 60030

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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