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$495,900 -$54,000 (-9.82%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 5,066 Sq. Ft.
  • Updated 5 days ago
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Prime Mixed-Use Opportunity on Hwy 45 in Grayslake! Bring your vision to this versatile mixed commercial/residential building in a high-visibility location on busy Hwy 45. The main level offers five store fronts/offices, perfect for retail, professional offices, or a blend of both. The upper level features a spacious apartment, ideal for owner-occupancy or generating additional rental income. This property offers multiple ways to maximize your investment: live on-site and run your own business, lease the entire space, or operate one unit while collecting rent from the others. There's parking for approximately 10-12 vehicles in front and along the sides, making it convenient for tenants and customers alike. Whether you're an entrepreneur looking for a launchpad, an investor seeking a strong income property, or a business owner ready to expand, this property offers the flexibility and location to make it happen.

Full Property Details for 33125 N US Hwy 45

General

  • Price: $495,900
  • Taxes: $17,606 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12481766
  • Updated: 2/9/2026
  • Added to Site: 136 day(s) ago

Interior

  • Flooring: Carpet, Concrete, Vinyl

Additional Information

  • Security/Safety: Other

Location

  • Area: Gages Lake / Grayslake / Hainesville / Third Lake
  • County: Lake
  • Township: Warren
  • Driving Directions: From Rte 120 and Rte 45, North on Rte 45 to address on right side of Rte 45
  • Location Details: North Suburban

Heating & Cooling

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

Utilities

  • Trash: 1

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Foundation: Concrete Perimeter
  • Roof: Membrane
  • Sub-Flooring: Carpet, Concrete, Vinyl
  • Stories/Levels: 1
  • Square Feet: 5,066
  • Current Bldg. Use: Commercial
  • Year Built: 1978

Unit Information

  • # Tenants: 3

Lot Features

  • Lot Size (Sq. Ft.): 12,541
  • Lot Dimensions: 60 x 211
  • Frontage: US Highway
  • Potential Use: Commercial, Retail
  • Zoning: COMMR

Financial Considerations

  • Lease Price: $5
  • Insurance Fee: $1
  • Other Fee: $1
  • Security Deposit: Other
  • Assessment Year: 1978
  • Tax Amount: $17,606
  • Tax Year: 2023
  • Pays Electric: 1
  • Pays Trash: 1

Disclosures and Reports

  • Property ID: 7303150370000

Listed by Realty World Tiffany R.E.

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Listing agent

— 33125 N US Hwy 45 —

  • Realty World Tiffany R.E.

(847) 395-1010

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NMLS#: 1598647

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

Be ready to buy your new home!

with our affiliated lender
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 33125 N US Hwy 45

School Districts:Woodland Community Consolidated School District 50, Warren Township High School District 121
NameGradesDistance
Woodland Primary School
17366 W Gages Lake Rd, Gages Lake, IL 60030
PK-K1.8 mi
Woodland Elementary School, Gages Lake, IL
17261 West Gages Lake Road, Gages Lake, IL 60030
1-31.8 mi
Woodland Intermediate School
1115 N Hunt Club Rd, Gurnee, IL 60031
4-53.3 mi
Woodland Middle School
7000 Washington Street, Gurnee, IL 60031
6-82.1 mi
Warren Township High School
34090 N Almond Rd, Gurnee, IL 60031
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 33125 N US Hwy 45 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/09/2026
Price Reduced
$495,900
-9.82%
MLS
10/02/2025
Listed
$549,900
—
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 33125 N US Hwy 45

Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,607
4%
$179,339
8%
2023
$17,001
10%
$166,502
3%
2022
$15,482
3%
$161,652
4%
2021
$15,029
3%
$155,166
3%
2020
$14,618
—
$151,352
3%
2019
$14,618
2%
$146,958
2%
2018
$14,376
1%
$144,517
3%
2017
$14,219
1%
$140,376
5%
2016
$14,073
2%
$134,125
5%
2015
$13,810
-2%
$127,205
—
2014
$14,067
4%
$127,205
1%
2013
$13,508
7%
$126,446
-2%
2012
$12,642
—
$129,578
—
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.

Estimate the Cost for 33125 N US Hwy 45

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NMLS#: 1598647

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Listed by Realty World Tiffany R.E.

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Listed by Mercfoss Team

33125 N US Highway 45, Grayslake, IL 60030 (MLS# 12481766) is a Commercial property. 33125 N US Highway 45 is currently listed for $495,900 and was received on October 02, 2025. Want to learn more about 33125 N US Highway 45? 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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