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$3,750,000

  • For Sale
  • Active
  • Commercial
  • 9,165 Sq. Ft.
  • Updated 7 days ago
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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

Full Property Details for 250 Center St

General

  • Price: $3,750,000
  • Taxes: $50,003 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12626713

Interior

  • Interior Features: Heavy Floor Load, Public Restroom(s), Storage Inside
  • Flooring: Concrete, Tile, Varies

Additional Information

  • Security/Safety: Alarm Monitored, Alarm on Site, Ansul System, Fire Extinguisher(s), Smoke or Fire Protectors

Location

  • Area: Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
  • County: Lake
  • Township: Avon
  • Driving Directions: Rt 83 in Grayslake, To central, West to address.
  • Location Details: Central Business District, Mixed-Use Area

Heating & Cooling

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

Utilities

  • Water: Community Water, Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available

Structural Information

  • Construction: Brick, Concrete
  • Exterior Const.: Brick, Concrete
  • Foundation: Concrete Perimeter
  • Roof: Membrane
  • Ceiling Height: 14
  • Sub-Flooring: Concrete, Tile, Varies
  • Stories/Levels: 2
  • Square Feet: 9,165
  • Current Bldg. Use: Commercial
  • Year Built: 1925

Lot Features

  • Lot Size (Sq. Ft.): 3,180
  • Lot Dimensions: 26 x 95 x 54 x 141
  • Frontage: City Street, County Road, Public Road
  • Drainage: Drainage Ways, Floor Drains
  • Zoning: RTAIL

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Alarm Monitored, Alarm On Site, Ansul System, Fire Extinguisher/s, Smoke or Fire Protectors
  • Assessment Year: 1925
  • Tax Amount: $50,003
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 6263110060000

Listed by @properties Commercial

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— 250 Center St —

  • @properties Commercial

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Schools serving 250 Center 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-40.8 mi
Grayslake Middle School
440 Barron Boulevard, Grayslake, IL 60030
7-80.5 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.

Tax History for 250 Center St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$41,638
4%
$410,624
11%
2024
$40,008
5%
$370,767
9%
2023
$38,262
1%
$340,278
7%
2022
$37,915
94%
$319,105
4%
2021
$19,510
264%
$306,713
105%
2020
$5,360
—
$149,622
267%
2019
$5,363
-53%
$40,771
-53%
2018
$11,319
1%
$86,128
6%
2017
$11,256
4%
$81,016
8%
2016
$10,870
2%
$74,786
9%
2015
$10,683
-2%
$68,322
—
2014
$10,950
3%
$68,322
1%
2013
$10,602
16%
$67,797
-11%
2012
$9,115
—
$76,408
—
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 @properties Commercial

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250 Center Street, Grayslake, IL 60030 (MLS# 12626713) is a Commercial property. 250 Center Street is currently listed for $3,750,000 and was received on May 13, 2026. Want to learn more about 250 Center 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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