132 Center Street — Grayslake, IL 60030
Active
▼ $165,000
Grayslake, IL 60030

132 Center Street

$485,000
0 beds · 0 baths
$165,000 below original 528 days on market $8,014/yr taxes
01About this home

**Prime Commercial Property in the Heart of Downtown Grayslake: 132 Center Street** Located in the vibrant, sought-after downtown area of Grayslake, this exceptionally well-built block building is ready for its next phase. With a long-standing history as an owner-occupied hair salon that has thrived for over 30 years, this space offers great potential for a variety of uses. This property is perfect for those looking to combine work and home life. The front retail space, spanning 1,291 square feet, provides ample room for your business, while the 1,001-square-foot residential space in the back offers an ideal living environment. Enjoy the convenience of running your business from the comfort of your own property. For investors, this building is a great revenue-generating opportunity with a strong chance for significant appreciation. Create cashflow by leasing the commercial and residential spaces together or separately. With Commercial Business zoning, this property supports a wide range of uses, making it adaptable to evolving business or development needs. There is also potential for significant expansion, including the possibility of a four-story renovation. Grayslake is a highly desirable community, conveniently located almost midway between Chicago and Milwaukee. With an above average household income, the area offers a thriving local economy and a growing population eager to support new businesses and developments. This unique property is a must-see for entrepreneurs, investors, or anyone seeking a prime location in a vibrant and growing downtown community. Don't miss your chance to secure a piece of Grayslake's future!

02Inside the home
03By the numbers
$485,000
List price
Square feet
Bedrooms
Bathrooms
1954
Year built
Lot size
Garage spaces
$8,014
Annual taxes
Retail/Stores
Style
528
Days on market
04Features
Cooling
Central Air
Construction
BlockFl Brick/Stn Veneer
05Neighborhood
  • Abel's Cantina 50 ft
  • 129 Center Cut 100 ft
  • The Vine - Martini & Wine Bar 150 ft
  • Emil's Pizza & Pub 250 ft
  • The Freeze 350 ft
  • Whintey Street Diner 350 ft
  • Casey's General Store 0.5 mi
  • Grayslake Stop & Shop 0.8 mi
  • Butera Market 0.9 mi
  • Jewel-Osco 1.0 mi
  • Circle K 1.0 mi
  • Mobil Mart 1.4 mi
  • Gelatin Park 0.2 mi
  • Memorial Park 0.3 mi
  • Central Park 0.4 mi
  • Jaycee Park 0.4 mi
  • Jones Island Park 0.5 mi
  • Cherry Creek Park 0.7 mi
  • Something's Brewing Coffee 250 ft
  • YHANA’s Boba Cafe 700 ft
  • Starbucks 0.8 mi
  • Dunkin' 0.9 mi
  • Starbucks 1.3 mi
  • Dunkin' 1.5 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 12, 2026
Price reducedThis listing
Baird & Warner
$485,000
−$165,000
Dec 2, 2024
Listed for saleThis listing
Baird & Warner
$650,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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09Similar homes
Listed by Baird & Warner · Benjamin Lovinger · 847-778-9519
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12218968
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