Active
132 Center Street
Grayslake, IL 60030
$500,000 ▼ $150,000 from $650,000
0beds
0baths
—sqft
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About this home
**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!
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1954
Lot size—
Annual tax$8,013.5
CountyLake
MLS #MRD12218968
Days on market511
Features
Cooling
Central Air
Construction
BlockFl Brick/Stn Veneer
Listed by
Baird & Warner
Benjamin Lovinger · 847-778-9519
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/25/2026, 8:39:44 AM. All data should be independently verified.
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