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250 Center Street

Grayslake, IL 60030
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$3,750,000
0beds
0baths
sqft
Anything from "is it priced right?" to "what's the catch?"

About this home

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
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1925
Lot dimensions26X95X54X141
AreaGages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Annual tax$50,003
First listedMay 13, 2026
Parcel #06263110060000
CountyLake
MLS #MRD12626713
Days on market1
Photos37

Features

Cooling
Central Air
Utilities
Electric to SiteNatural Gas AvailableSewer ConnectedWater Available
Construction
BrickConcrete
Listed by
@properties Commercial
Michael Levin

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 5/13/2026, 10:37:03 PM. All data should be independently verified.

$3,750,000
0 bd · 0 ba
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