146-148 Center St
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146-148 Center St
7,000 SF 100% Leased Retail Building Grayslake, IL 60030 £1,105,224 (£158/SF)
Investment Highlights
- Fully Leased
- 10 Tenants
- Downtown Grayslake
- High-end Finishes
- Great Tenant Mix
- Strong Financials (Serious Inquiries Only - NDA Required)
Executive Summary
Trophy Building in vibrant downtown Grayslake! This almost 7,000 square foot building housed the Grayslake Library for decades. The owner remodeled with high end finishes and split the space into multiple office/retail suites. Stroll into the classy main corridor to access the suites. Porcelain tile throughout common area corridor and bathrooms. Great mix of tenants consist of financial, photo, music, spa, sewing, accounting and insurance with MyEyeDr. as anchor. NNN multi year leases. Climate controlled with central air and gas forced air. Seller will consider sale/lease back or move your business into office suite. Fully leased building with strong financials available upon
request and NDA. Please do not disturb tenants. No FOR SALE signs. Call LO to set up showings.
request and NDA. Please do not disturb tenants. No FOR SALE signs. Call LO to set up showings.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£118,501
|
£16.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£118,501
|
£16.93
|
| Taxes |
£20,554
|
£2.94
|
| Operating Expenses |
£12,831
|
£1.83
|
| Total Expenses |
£33,386
|
£4.77
|
| Net Operating Income |
£85,116
|
£12.16
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | £118,501 |
| Annual Per SF | £16.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £118,501 |
| Annual Per SF | £16.93 |
| Taxes | |
|---|---|
| Annual | £20,554 |
| Annual Per SF | £2.94 |
| Operating Expenses | |
|---|---|
| Annual | £12,831 |
| Annual Per SF | £1.83 |
| Total Expenses | |
|---|---|
| Annual | £33,386 |
| Annual Per SF | £4.77 |
| Net Operating Income | |
|---|---|
| Annual | £85,116 |
| Annual Per SF | £12.16 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1951
Price
£1,105,224
Price Per SF
£158
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.77
Land Acres
0.21 AC
Zoning
CB - This business zone is established to provide pedestrian-oriented areas for commercial
establishments which offer a wide range of goods and services.
Parking
8 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
70 ft on Center
Amenities
- Fireplace
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £183,553 (2023) | |
| Land Assessment | £21,312 (2023) | Annual Taxes | £20,554 (£2.94/sf) |
| Improvements Assessment | £162,241 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£21,312 (2023)
Improvements Assessment
£162,241 (2023)
Total Assessment
£183,553 (2023)
Annual Taxes
£20,554 (£2.94/sf)
Tax Year
2021
-
Robert Frank -
Robert E. Frank Real Estate
(847) 356-5263
x11
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146-148 Center St
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