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Property Description
GRAYSLAKE VILLAGE CENTER leasing opportunity in the heart of downtown! This high exposure, Center Street Street location has approx.1360 sf retail/office space plus a full basement for storage. Customers/clients can access this commercial space from front or rear of this prominent, two story brick building. The area facing south has newer laminate flooring and original tin ceiling with newer light fixtures. Massive display windows will draw attention to your business. Recently remodeled rear area area has two offices, conference room/breakroom/storage area and bathroom. For many years housed the popular 27 Houses retail store. This space can be used for retail, resale, antique sales, accounting, insurance, beauty salon, restaurant, smoothie bar, coffee, donut shop, sweet shop, etc... Assigned parking in rear of building and municipal parking across the street. Join Charlies, First Draft, Emil's, The Vine, My Eye Doctor, Beer Bazaar, Something Brewing, The Farmer's Market, Etc... Landlord OK with multi year lease. Lease includes basement area for storage. Available immediately. Landlord a licensed Realtor. Second floor has two bedroom and one bedroom apartments that are available for AIRBNB operator or year to year tenancy.
Full Property Details
Full Property Details for MLS# 12544573
General
- Price: $18
- Taxes: $9,300 (2024)
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12544573
- Updated: 1/15/2026
- Added to Site: 6 day(s) ago
Interior
- Interior Features: Private Restroom(s), Storage Inside, Basement
- Flooring: Carpet, Varies, Vinyl, Other
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Gages Lake / Grayslake / Hainesville / Third Lake
- County: Lake
- Township: Avon
- Driving Directions: From Rt. 83 (Barron Blvd) and Center Street go West to downtown Grayslake and #236
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick, Wood, Frame
- Exterior Const.: Brick, Wood, Frame
- Foundation: Block, Brick/Mortar, Concrete Perimeter
- Roof: Membrane
- Ceiling Height: 12
- Sub-Flooring: Carpet, Varies, Vinyl, Other
- Stories/Levels: 2
- Current Bldg. Use: Commercial, Office
- Year Built: 1910
Unit Information
- # Tenants: 3
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 4,029
- Lot Dimensions: 31 x 130
- Frontage: City Street
- Drainage: Storm Sewers
- Zoning: COMMR
Financial Considerations
- Lease Price: $18
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1910
- Tax Amount: $9,300.22
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Scavenger, Sewer, Varies by Tenant
Disclosures and Reports
- Documents Avail.: Aerial Map, Existing Survey, Tax Bill, Traffic Counts, Backup Package
Listed by Robert E. Frank Real Estate
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Schools
Schools serving MLS# 12544573
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 | 0.8 mi |
Grayslake Middle School 440 Barron Boulevard, Grayslake, IL 60030 | 7-8 | 0.5 mi |
Grayslake Central High School 400 North Lake Street, Grayslake, IL 60030 | 9-12 | 0.4 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 MLS# 12544573
Date
Details
Price
Change
Source
1/09/2026
Listed
$18
—
MLS
Disclaimer: Historical sales 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 MLS# 12544573
MLS# 12544573, Grayslake, IL 60030 (MLS# 12544573) is a Commercial Lease property. MLS# 12544573 is currently listed for $18 and was received on January 09, 2026. Want to learn more about MLS# 12544573? Do you have questions about finding other Commercial Lease real estate for sale in Grayslake? You can browse all Grayslake real estate or contact a Coldwell Banker agent to request more information.

