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$575,000

  • Sold
  • Closed
  • Commercial
  • Updated 6 days ago
See This Home
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See This Home
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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

  • Sold For: $575,000
  • Taxes: $13,039 (2024)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12584462
  • Added to Site: 214 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 / Wildwood
  • County: Lake
  • 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

  • For Sale/Rent/Lease: For Sale Only
  • 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
Sold by Non Member

Listing agent

— 11 S Lake St —

  • Fulton Grace Realty

aattiah@fultongrace.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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

Date
Details
Price
Change
Source
9/24/2026
Sold
$575,000
-4.15%
MLS
3/27/2026
Price Reduced
$599,900
-6.25%
MLS
3/06/2026
Listed
$639,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Fulton Grace Realty
Sold by Non Member

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11 S Lake Street, Grayslake, IL 60030 (MLS# 12584462) is a Commercial property that was sold at $575,000 on September 24, 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.