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Corner Retail/Office

$475,000

42 N Lake Street, Grayslake, IL 60030

Active
Last Updated: 10/29/2026

3,108 sqft

Building Size

0.52 acres

Lot Area

Details:
Building Size:    3,108 sqft
Lot Area:    0.52 acres
Occupancy:    100%
Units:    1
Year Built:    1958
Floors:    1
Parking Spots:    13
Highlights:
  • Corner Visibility
  • Free-standing Building
  • Ample parking
  • Well Maintained
  • Desirable CB Zoning
  • Prime Location in Historic Downtown
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, an 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 support retail, office, medical, daycare, or service-oriented uses.

Discover the charm of Grayslake, IL, a vibrant community with a rich blend of history and modern amenities. Just minutes from the property, downtown Grayslake offers a quaint mix of local shops, restaurants, and cafes. Nearby, the inviting atmosphere of the Grayslake Farmers Market draws locals and visitors alike with its fresh produce and artisanal offerings. Families can enjoy the serenity of the Grayslake Park District's facilities, including Central Park and Alleghany Park. The location also provides convenient access to major roadways, ensuring great visibility and accessibility for any retail or free-standing building investment opportunity. With its small-town appeal and strategic positioning, Grayslake presents an ideal setting for your next commercial venture.

Map:
Documents:
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42_N_Lake_St_-_Offering_Memorandum.pdf
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