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250 Center St
Grayslake, IL 60030
Retail Property For Sale
Investment Highlights
- Fantastic sale leaseback opportunity in Grayslake, 250 - 266 Center St Grayslake, IL. All FF&E top Quality,
- The First draft Bar/Restaurant and Entertainment complex is available for purchase on a Sale Leaseback basis,
- 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
- Well Positioned on a prime corner on Center street and Seymour Ave.
- The Owner/Tenant will discuss a 10 year or longer lease on an NNN Schedule,
- All FF&E top Quality, Feature Upper and lower dining areas, outdoor patios, and Upper Level outdoor dining areas.
Executive Summary
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
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built
1925
Price
$3,750,000
Price Per SF
$1,500
Cap Rate
7.36%
NOI
$276,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.07 AC
Zoning
C-B - C-B GRAYSLAKE
Frontage
54’ on Center Street
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Roof Terrace
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Property Taxes
| Parcel Number | 06-26-311-006 | Improvements Assessment | $400,690 |
| Land Assessment | $9,934 | Total Assessment | $410,624 |
Property Taxes
Parcel Number
06-26-311-006
Land Assessment
$9,934
Improvements Assessment
$400,690
Total Assessment
$410,624
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