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0 Beds
4,702 sqft

$1,489,999

161 Center Street, Grayslake IL, 60030

Price per sqft$316.89
Built in1945
Property size4,702 sqft
Property typeCommercial
Listed by Michael Levin with @properties Commercial 312-337-0200

Overview

Active

New

Listed Oct 8, 2026

Updated 5h ago

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.

Additional information

MLS® ID
12777259

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$15,345
Tax Frequency
Annually
MLS provider logo

Listed by Michael Levin with @properties Commercial 312-337-0200

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Data is refreshed every 3 hours. Listing last updated 6:37 AM UTC on 10/10/2026. 

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