Grayslake, IL 60030 250 Center Street
$3,750,000



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Presented By: @properties Commercial
Home Details
Fantastic sale leaseback opportunity in Grayslake, 250 - 266 Center St Grayslake, IL. Well Positioned on a prime corner on Center street and Seymour Ave. The First draft Bar/Restaurant and Entertainment complex is available for purchase on a Sale Leaseback basis, The Owner/Tenant will discuss a 10 year or longer lease on an NNN Schedule, The multi-level restaurant/Bar space building is 9165 SQ Ft, with a full and completely buildout kitchen, Black Iron, Full ANSUL Fire Control System Freezers and food prep/catering areas, All FF&E top Quality, Feature Upper and lower dining areas, outdoor patios, and Upper Level outdoor dining areas. Upper and lower-level Bars with full high-end Buildouts, & Beverage hookups. The expansive second floor is ideal for private events and Large Parties, The building supports a mix of restaurant, entertainment, and Banquet Uses, Absolute top of the Line Buildout, C-B Zoning, Full fire control and Sprinkler System, An Amazing location in the heart of The Downtown Grayslake Shopping District. Located just west of Rt 83. surrounded by established neighborhood retail. An Outstanding investment opportunity benefiting from in-place income Do not Bother the Tenant, Call Listing broker for all showings, Pin Numbers - 0626311006- 0626311007
Presented By: @properties Commercial
Interior Features for 250 Center Street
Other Interior Features
FlooringConcrete, Tile, Varies
General for 250 Center Street
Additional Parcels Description06263110070000
Additional Parcels Y/NYes
Assoc Fee Paid PerNot Applicable
Cap Rate7.36
CityGrayslake
Construction MaterialsBrick, Concrete
CoolingCentral Air
CountyLake
Current UseCommercial
DirectionsRt 83 in Grayslake, To central, West to address.
ElectricService - 201 to 600 Amps
Leasable Area9165
Lot Size Square Feet3180
MLS AreaGages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Net Operating Income276000
Number Of Units Total1
PossessionClosing, Immediate, Negotiable
Property TypeCommercial Sale
Property TypeRetail/Stores
RoofMembrane
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount50003
Tax Year2024
TownshipAvon
UtilitiesElectric to Site, Natural Gas Available, Sewer Connected, Water Available
Virtual TourClick here
Year Built1925
ZoningRTAIL
Exterior for 250 Center Street
Building Area Total9165
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street, County Road, Public Road
Lot Dimensions26X95X54X141
Water SourceCommunity Water, Municipal Water
Additional Details
Price History

SQFT • 9,165