Prime Mixed-Use Opportunity on High-Visibility Route 83 - Flexible Layout with Strong Upside Potential, Located on a signalized corner along highly traveled Route 83 in Grayslake, this freestanding mixed-use property offers exceptional visibility and a unique opportunity for investors, business owners, or owner-occupants seeking a customizable live/work space. The property consists of approximately 3,360 sq ft on an oversized 100' x 150' lot with a 24-space private parking lot, providing excellent accessibility for both residential and commercial use. Currently in a "grey box / vanilla box" condition, the property presents a blank canvas ready for build-out, allowing the next owner to design and finish the space to suit their specific needs and goals. Property Features: Mixed-use configuration with separate commercial and residential spaces | Commercial area with clear-span construction for flexible layout options, currently offices are built out | Residential unit includes 3 bedrooms, 1.5 bathrooms, and full-height basement | Separate Washer/dryer hookup for Commercial & Residential | Large windows providing abundant natural light | 24-space on-site parking lot | Strong street presence with excellent exposure. Recent Improvements: Roof | HVAC systems (2 furnaces and 2 A/C units) | Plumbing and electrical systems (200 amp service) | Windows and parking lot | Large front patio. This property offers multiple potential use options, including owner occupancy with on-site business, rental income from one or both units, or a full investment opportunity. Conveniently located in the heart of Grayslake near residential neighborhoods, schools, and local businesses, providing a steady flow of traffic and strong visibility. Building also for lease.
| MLS # | 12671556 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 90 |
| Listing Provided By | Coldwell Banker Realty | Jamie Hering |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 3,360 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.34 |
| Rooms Total | 7 |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air |
| Roof | Asphalt |
|---|---|
| Construction Materials | Brick, Wood Siding |
| Parking Features | Yes, Owned |
|---|
| Sewer | Public Sewer |
|---|
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 9222 |
| State | IL |
|---|---|
| County | Lake |
| City | Grayslake |
| Zip Code | 60030 |
| Area | Gages Lake | Grayslake | Hainesville | Third Lake | Wildwood |
| School District | Grayslake Central High School |
| Elementary School | Woodview School |
| High School | Grayslake Central High School |
| Listing VS Median (in 60030) | |
Price: $499,000 low | high Med: $347,000 sqft: 3,360 low | high Med: 1,752 $ / sqft: $149 low | high Med: $209 On site: 90 low | high Med: 32 | |
| State | IL |
|---|---|
| County | Lake |
| City | Grayslake |
| Zip Code | 60030 |
| Area | Gages Lake | Grayslake | Hainesville | Third Lake | Wildwood |
| School District | Grayslake Central High School |
| Elementary School | Woodview School |
| High School | Grayslake Central High School |
| Listing VS Median (in 60030) | |
Price: $499,000 low | high Med: $347,000 sqft: 3,360 low | high Med: 1,752 $ / sqft: $149 low | high Med: $209 On site: 90 low | high Med: 32 | |