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350 Center St

34,218 SF Industrial Building Grayslake, IL 60030 $1,995,000 ($58/SF)

Investment Highlights

  • Approx. 3.17 Acres
  • Fire Sprinklers
  • Grayslake Business District
  • Multiple-Use Options

Executive Summary

Opportunity to own a massive 34,000 sf office/warehouse space for under $60 per square foot. This former glass company manufacturing facility is zoned Limited Industrial. Located in the Grayslake Central Business district on 1.3 acres. The brick/frame 12,000 sf front area was constructed in 1952. This office/loading dock area is sprinkled, has employee washrooms and has AC and gas forced air heat. There is also a large, floored loft area with additional storage. The rear 22,000 sf warehouse is constructed of steel, brick and glass. This clear span structure is 80' wide by 275' long. The addition was done in 2006 with partial concrete flooring and compacted grindings. Multiple existing openings can accommodate large overhead doors. Sellers prefer "as is" sale with some equipment/materials to remain on site. Contact LO for showings.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Taxes $42,456 $1.24
Operating Expenses - -
Total Expenses $42,456 $1.24

Financial Summary (Actual - 2023)

Taxes
Annual $42,456
Annual Per SF $1.24
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $42,456
Annual Per SF $1.24

Property Facts Under Contract

Price $1,995,000
Price Per SF $58
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Showroom
Building Class C
Lot Size 1.37 AC
Rentable Building Area 34,218 SF
No. Stories 1
Year Built/Renovated 1952/1967
Tenancy Single
Parking Ratio 0.58/1,000 SF
Clear Ceiling Height 32 FT
No. Dock-High Doors/Loading 3

Amenities

  • Mezzanine
  • Air Conditioning

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-26-300-029
Land Assessment
$154,594
Improvements Assessment
$206,484
Total Assessment
$361,078
Annual Taxes
$42,456 ($1.24/SF)
Tax Year
2023

zoning

Zoning Code LI (Limited Indistry)
LI (Limited Indistry)
  • Listing ID: 33625729

  • Date on Market: 10/24/2024

  • Last Updated:

  • Address: 350 Center St, Grayslake, IL 60030

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