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$599,900 -$40,000 (-6.25%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • Updated 3 days ago
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Rare opportunity to own this spectacular & highly recognized building that offers versatile space on busy corner at signaled intersection in the heart of downtown Grayslake. This prime piece of real estate in a vibrant community is steps from restaurants, shops, entertainment, community festivities/parade and a short ride or bike ride to Metra. This updated property offers the flexibility for retail, office, airbnb, 2 flat, home, or any combination. Separate entrances for Main Level & 2nd Level. This very well cared for Victorian, includes 7 Rooms, 2 full Bathrooms, full Kitchen & Kitchenette, Enclosed Porch, fenced yard w/paver brick patio, basement for storage, 2 car detached garage, and parking for 6 vehicles. There's more - New roof on back of building and main roof is in great shape, updated HVAC system, separate gas & electric, newer electrical service, & updated plumbing.

Full Property Details for 11 S Lake St

General

  • Price: $599,900
  • Taxes: $13,039 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12584462
  • Updated: 3/27/2026
  • Added to Site: 25 day(s) ago

Additional Information

  • Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)

Location

  • Area: Gages Lake / Grayslake / Hainesville / Third Lake
  • County: Lake
  • Township: Avon
  • Driving Directions: Corner of Lake St & Center St
  • Location Details: North Suburban, Central Business District, Corner, In City Limits

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Construction: Cedar
  • Exterior Const.: Cedar
  • Foundation: Other
  • Roof: Composition
  • Stories/Levels: 2
  • # of Stores: 2
  • Year Built: 1910
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 11,250
  • Lot Dimensions: 75 x 150
  • Frontage: City Street, Public Road, Signal Intersection

Financial Considerations

  • Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
  • Assessment Year: 1910
  • Tax Amount: $13,039
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 6263130010000

Listed by Fulton Grace Realty

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Listing agent

— 11 S Lake St —

  • Fulton Grace Realty

aattiah@fultongrace.com

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 11 S Lake St

School Districts:Grayslake Community High School District 127, Grayslake Consolidated Community School District 46
NameGradesDistance
Woodview School
340 North Alleghany Road, Grayslake, IL 60030
K-40.6 mi
Grayslake Middle School
440 Barron Boulevard, Grayslake, IL 60030
7-80.6 mi
Grayslake Central High School
400 North Lake Street, Grayslake, IL 60030
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11 S Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/27/2026
Price Reduced
$599,900
-6.25%
MLS
3/06/2026
Listed
$639,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 11 S Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,814
48%
$124,108
14%
2023
$8,002
1%
$108,478
63%
2022
$7,940
—
$66,744
4%
2021
$7,957
3%
$64,152
5%
2020
$7,699
—
$61,039
4%
2019
$7,702
-8%
$58,562
-8%
2018
$8,361
—
$63,618
6%
2017
$8,373
4%
$59,842
8%
2016
$8,030
2%
$55,241
9%
2015
$7,892
-1%
$50,467
—
2014
$7,953
3%
$50,467
3%
2013
$7,699
2%
$49,234
-11%
2012
$7,512
—
$55,486
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Fulton Grace Realty

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11 S Lake Street, Grayslake, IL 60030 (MLS# 12584462) is a Commercial property. 11 S Lake Street is currently listed for $599,900 and was received on March 06, 2026. Want to learn more about 11 S Lake Street? Do you have questions about finding other Commercial real estate for sale in Grayslake? You can browse all Grayslake real estate or contact a Coldwell Banker agent to request more information.

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