Property Description

Prime Mixed-Use Opportunity on High-Visibility Route 83 - Flexible Layout with Strong Upside Potential, Located on a signalized corner along highly traveled Route 83 in Grayslake, this freestanding mixed-use property offers exceptional visibility and a unique opportunity for investors, business owners, or owner-occupants seeking a customizable live/work space. The property consists of approximately 3,360 sq ft on an oversized 100' x 150' lot with a 24-space private parking lot, providing excellent accessibility for both residential and commercial use. Currently in a grey box / vanilla box condition, the property presents a blank canvas ready for build-out, allowing the next owner to design and finish the space to suit their specific needs and goals. Property Features: Mixed-use configuration with separate commercial and residential spaces | Commercial area with clear-span construction for flexible layout options, currently offices are built out | Residential unit includes 3 bedrooms, 1.5 bathrooms, and full-height basement | Separate Washer/dryer hookup for Commercial & Residential | Large windows providing abundant natural light | 24-space on-site parking lot | Strong street presence with excellent exposure. Recent Improvements: Roof | HVAC systems (2 furnaces and 2 A/C units) | Plumbing and electrical systems (200 amp service) | Windows and parking lot | Large front patio. This property offers multiple potential use options, including owner occupancy with on-site business, rental income from one or both units, or a full investment opportunity. Conveniently located in the heart of Grayslake near residential neighborhoods, schools, and local businesses, providing a steady flow of traffic and strong visibility. Building also for lease.

Property Features