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.
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Listed by:
Jamie Hering, CSC847-362-7300,
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12671556
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.