Date
Details
Price
Change
Source
10/29/2026
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$475,000 Just Listed
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Property Description
This 3,108 square-foot freestanding building offers an owner-user or investor a rare corner position at the edge of the historic downtown Grayslake. Corner visibility, 15+ on-site parking spaces, and outdoor area and Central Business zoning are paired with walkable access to local shops, dining and Metra service. The well-maintained building and flexible commercial layout supports retail, office, medical, daycare or service-oriented uses.
Full Property Details
Full Property Details for 42 N Lake St
General
- Price: $475,000
- Taxes: $19,148 (2025)
- Status: Active
- Type: Office
- Source: MRED
- MLS ID: 12797084
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site
Location
- Area: Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
- County: Lake
- Township: Avon
- Driving Directions: Slusser St & Hawley St in Downtown Grayslake. West 1 Block to Lake St, property is on the SouthWest corner.
- Location Details: North Suburban, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 1
- Square Feet: 3,108
- Year Built: 1958
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Acres): 0.52
- Lot Size (Sq. Ft.): 22,800
- Lot Dimensions: 150 x 152
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored, Alarm On Site
- Assessment Year: 1958
- Tax Amount: $19,148
- Tax Year: 2025
Disclosures and Reports
- Property ID: 6274100370000
Listed by Sperry Van Ness
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Listing agent
— 42 N Lake St —
Sperry Van Ness
NMLS#: 1598647
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Schools
Schools serving 42 N Lake St
School Districts:Grayslake Community High School District 127, Grayslake Consolidated Community School District 46
| Name | Grades | Distance |
|---|---|---|
Woodview School 340 North Alleghany Road, Grayslake, IL 60030 | K-4 | 0.6 mi |
Grayslake Middle School 440 Barron Boulevard, Grayslake, IL 60030 | 7-8 | 0.6 mi |
Grayslake Central High School 400 North Lake Street, Grayslake, IL 60030 | 9-12 | 0.3 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 42 N Lake St
Tax History
Tax History for 42 N Lake St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,367
4%
$181,135
11%
2024
$17,648
3%
$163,553
9%
2023
$17,193
1%
$150,103
5%
2022
$17,039
—
$143,407
4%
2021
$17,097
-1%
$137,839
5%
2019
$17,244
—
$131,151
—
2020
$17,241
-1%
$131,151
-1%
2018
$17,445
1%
$132,762
6%
2017
$17,341
4%
$124,882
8%
2016
$16,753
2%
$115,279
9%
2015
$16,466
14%
$105,316
—
2014
$14,431
3%
$105,316
18%
2013
$13,973
-19%
$89,358
-29%
2012
$17,153
—
$126,700
—
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
Estimate the Cost for 42 N Lake St
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- Townhouse
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,454Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 2,212Sq. Ft.
- Single Family
- Active
- Updated 13 hours ago
- 3Beds
- 1Total Bath
- 975Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,434Sq. Ft.
Listed by The Hering Homes Team (847) 362-7300
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- Townhouse
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 1,728Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,474Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,415Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,382Sq. Ft.
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- Single Family
- Closed
- 3Beds
- 2Total Baths
- 2,226Sq. Ft.
Listed by The Hering Homes Team
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 2,534Sq. Ft.
Listed by The Hering Homes Team
42 N Lake Street, Grayslake, IL 60030 (MLS# 12797084) is a Office property. 42 N Lake Street is currently listed for $475,000 and was received on October 29, 2026. Want to learn more about 42 N Lake Street? Do you have questions about finding other Office real estate for sale in Grayslake? You can browse all Grayslake real estate or contact a Coldwell Banker agent to request more information.