250 Center St - Storefront Retail/Residential FOR SALE


Grayslake, IL 60030
$3,750,000 USD
847-977-5389
250 Center St, Grayslake, IL for Sale
$3,750,000 USD
Storefront Retail/Residential - FOR SALE
1/41
null | 7.36% Cap Rate

250 Center St
Grayslake, IL 60030


HIGHLIGHTS

  • Fantastic sale leaseback opportunity in Grayslake, 250 - 266 Center St Grayslake, IL. All FF&E top Quality,
  • 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
  • All FF&E top Quality, Feature Upper and lower dining areas, outdoor patios, and Upper Level outdoor dining areas.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$1,500 USD /SF

CAP RATE

7.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,181 SF

ZONING

C-B

APN/PARCEL ID

06-26-311-006,06-26-311-007

ASK ABOUT THIS PROPERTY

Mike Levin@ Properties CommercialMore Info
847-977-5389

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Mike Levin@ Properties CommercialMore Info
847-977-5389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.