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About This Home

This 0-bedroom, 0-bathroom commercial at 132 Center Street in Grayslake, IL is listed for $485,000. Built in 1954, on a N/A lot.

Agent Description

**Prime Commercial Property in the Heart of Downtown Grayslake: 132 Center Street** Located in the vibrant, sought-after downtown area of Grayslake, this exceptionally well-built block building is ready for its next phase. With a long-standing history as an owner-occupied hair salon that has thrived for over 30 years, this space offers great potential for a variety of uses.

This property is perfect for those looking to combine work and home life. The front retail space, spanning 1,291 square feet, provides ample room for your business, while the 1,001-square-foot residential space in the back offers an ideal living environment.

Enjoy the convenience of running your business from the comfort of your own property. For investors, this building is a great revenue-generating opportunity with a strong chance for significant appreciation. Create cashflow by leasing the commercial and residential spaces together or separately.

With Commercial Business zoning, this property supports a wide range of uses, making it adaptable to evolving business or development needs. There is also potential for significant expansion, including the possibility of a four-story renovation. Grayslake is a highly desirable community, conveniently located almost midway between Chicago and Milwaukee.

With an above average household income, the area offers a thriving local economy and a growing population eager to support new businesses and developments. This unique property is a must-see for entrepreneurs, investors, or anyone seeking a prime location in a vibrant and growing downtown community. Don't miss your chance to secure a piece of Grayslake's future!

Key Features

  • Built in 1954

Property Details

1954

Monthly Cost Estimate

$2,594/mo

20% down · 6.5% · 30 years

Principal$351
Interest$2,102
Insurance$141

Estimates only. Actual payments may vary.

Location

132 Center Street

Grayslake, IL 60030

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 132 Center Street is listed at $485,000. The estimated monthly payment is $2,102 based on 20% down at 6.5% interest.

Key features include: Built in 1954.

This property is listed by Ben Lovinger and can be reached at 8477789519 or ben.lovinger@bairdwarner.com.

BL

Ben Lovinger

Agent at Baird & Warner Libertyville

(847) 778-9519

Listed by Baird & Warner Libertyville · View on Broker Site

MLS# 12218968· Source: listhub· Updated 547 days ago

Copyright © 2026 Baird & Warner Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

132 Center Street, Grayslake, IL 60030

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