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102-106 Center St 3,150 SF 20% Leased Office Building Grayslake, IL 60030 $629,900 ($199.97/SF) 1% Cap Rate



INVESTMENT HIGHLIGHTS
- Great corner location
- Excellent zoning
- Solid brick and concrete buildings
EXECUTIVE SUMMARY
Prime location at the corner of Center and Slusser in thriving downtown Grayslake in front of a municipal parking lot. The village has invested heavily in the downtown area and it has become a popular destination in central Lake County.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$10,980
|
$3.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$10,980
|
$3.49
|
| Taxes |
$9,737
|
$3.09
|
| Operating Expenses |
$1,243
|
$0.39
|
| Total Expenses |
$10,980
|
$3.49
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $10,980 |
| Annual Per SF | $3.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $10,980 |
| Annual Per SF | $3.49 |
| Taxes | |
|---|---|
| Annual | $9,737 |
| Annual Per SF | $3.09 |
| Operating Expenses | |
|---|---|
| Annual | $1,243 |
| Annual Per SF | $0.39 |
| Total Expenses | |
|---|---|
| Annual | $10,980 |
| Annual Per SF | $3.49 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,150 SF
Building Class
C
Year Built
1960
Price
$629,900
Price Per SF
$199.97
Cap Rate
1%
NOI
$6,299
Percent Leased
20%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,150 SF
Building FAR
0.90
Lot Size
0.08 AC
Zoning
CB - Central Business district which allows up to four stories
Parking
8 Spaces (2.19 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Anderson Law Firm
- -
- 600 SF
- $21.00
- Modified Gross
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Anderson Law Firm | - | 600 SF | $21.00 | Modified Gross | - |
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $93,599 (2024) | |
| Land Assessment | $17,341 (2024) | Annual Taxes | $9,737 ($3.09/SF) |
| Improvements Assessment | $76,258 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$17,341 (2024)
Improvements Assessment
$76,258 (2024)
Total Assessment
$93,599 (2024)
Annual Taxes
$9,737 ($3.09/SF)
Tax Year
2023
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102-106 Center St
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