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sales rep | Brivity IDX

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161 Center St , Grayslake, IL 60030
$1,489,999
Est. Payment: $7,994.55/mo
4702 Sqft
0.13 Acres
Status: active | Days on site: 7
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House Description

Great freestanding masonry commercial restaurant Retail building, In downtown Grayslake, Prime location on bustling Center Street Currently built out as a full modern restaurant and bar with a modern commercial kitchen, Features a Black iron cook area with ANSUL System, Currently leased through September, 2027. At the termination of the lease, all fixtures constructed by Lessee, including but not limited to any bars/counters where alcoholic beverages are served, and any built-in liquor cabinets and exhaust/smoke hoods, but excluding any walk-in coolers, shall at Lessor's option, remain for the benefit of the Lessor. Equipped with an expansive Commercial Kitchen, Industrial Hood, restaurant and Bar space. Guests can enjoy a vibrant atmosphere with a 50-seat dining room, 25 bar seats, Now is your chance to own a stunning, fully built-out/bar/restaurant in the heart of downtown Grayslake C-B Zoning, Building is 4702 SQ FT feet, Lot is 5820 SQ FT, 6400 (VPD) cars pass this location a day. Right near the corner of Center street & Whitney Great Visibility, Great Demographics, Bldg is completely rehabbed, & very well maintained, Updated ADA Men's and Women's Restrooms, Great signage area, classic facade, 14 FT ceilings, 200 amp electric system, very bright, modern lighting, Gas heat, Completely modern updated wiring for computer and phone system, Updated HVAC, Great potential here, Perfect for an owner user, ideal for a variety of commercial uses, Restaurant Bar, Retail, Ghost Kitchen, Professional use Office insurance, Lawyer, Real estate, Medical use, school, adult education center, Area Retailers and business include, First Draft Bar restaurant, Abel's Cantina Whitney Street Diner, Charlies Bar, The Vine - Martini & Wine Bar Romney Brown Candle Company PIN NUMBER - 0626314039 Do not bother tenant, Call listing agent for showing.

Highlights

Listed by Michael Levin , 847-977-5389 @properties Commercial , 312-337-0200. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
0.13

Year Built

1945

County

Lake

Area

Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood

Listing ID

12777259

Questions about this listing?

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Interior Features

Air Cond:Central Air
Fireplaces:
Floor:Concrete,Tile,Varies
Water:Community Water,Municipal Water

Exterior Features

Lot Dimensions:131.8X38.7
Zoning:COMMR
Roof:Fiberglass,Membrane
Sewer:Public Sewer
Parking Features:1-5 Spaces
Principal Interest
$7,995
Taxes
$1,279

Home Price

$1,489,999

Loan Details

30 yrs
7.08%

Down Payment

20%
$298,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,994.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,994.55 $1,278.75 $0.00 $9,273.30
Yearly $95,934.56 $15,345.00 $0.00 $111,279.56
Total $2,878,036.88 $460,350.00 $0.00 $3,338,386.88
Lender profile image
Master Chief
Lender
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Market insight data is pulled from the same city as the listing being viewed (Grayslake, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T02:55:04.000Z

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