Listing provided courtesy of Robert E. Frank Real EstateMREDas Distributed by MLSGrid- MLS# 12582946
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Request Info147 S US Highway 45Grayslake, IL 60030
Commercial$3,500
Active
147 S US Highway 45 Overview
- Time on Site:
- 118 days
- Visits:
- 1
Classic Red Brick School House retail space. This unique and high profile building on Rt 45 has over 22,000 daily vehicle counts. Large awning leads customers to antique dual stairway with original mosaic tile. Upper level has massive 8 foot high windows for retail display. Original tin ceiling and trim takes visitors back in time. Lower level for additional display or inventory storage. Newer HVAC and roof. Ample parking. Great signage with letter board. Available Summer 2026. Join Foremost Liquors, Cut and Tan, Local Nails, Little Bit of Me and Tangs Chinese Restaurant. Near Walgreens, McDonald's, Burger King, Etc... Ideal for florist, retail, antique mall, resale shop, athletic training, martial arts, etc... Long time florist plans to retire and is willing to sell business, inventory and customer list. Do not disturb tenants or customers. Broker interest. Tenant pays rent and tax/insurance increases over 2025 base year.
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147 S US Highway 45 Facts & Features
- Type Commercial
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Existing Lease Type: Modified Gross
- Gross Income: 0
- Gross Scheduled Income: 0
- Operating Expense: 0
Building Information
- Year Built: 1920
Business Information
- Business Type: Retail
- Current Use: Commercial
Location/Region
- County Or Parish: Lake
- MLS Area Major: Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
- Township: Warren
Rent/Lease Information
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs, Scavenger, Sewer
Tax Information
- Tax Annual Amount: $37,001.00
- Tax Year: 2024
General Information
- Property Type: Commercial Lease
- Zoning: COMMR
Interior
General Information
- Cooling: Central Air
- Electric: Service - 201 to 600 Amps
- Flooring: Carpet, Concrete, Tile
- Foundation Details: Concrete Perimeter
- Leasable Area: 3500
- Stories: 2
Unit Information
- Unit SqFt.: 3500
Exterior
Lot Information
- Frontage Type: US Highway
- Lot Size Dimensions: 235 X 216 X 242 X 215
- Lot Size Square Feet: 48061
- Water Source: Municipal Water
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Composition
General Information
- Number Of Units Total: 5
- Utilities: Electric to Site,Natural Gas Available,Sewer Connected
147 S US Highway 45 Neighborhood
Community
60030 (GRAYSLAKE) Demographics
42
Median Age
1,316
Population Density (per sq. mile)
56%
College Educated
$92,697
Estimated Median Income
11,079
Estimated Total Home Owners
2,861
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.147 S US Highway 45 Market Data
Based on the last 30 days in this zip code
$415,713
Average List Price
$205
Average Price per Square Foot
46
Properties Sold
43
Average Days on Market
124
Properties for Sale
147 S US Highway 45 History
| Date | Value | Agent |
|---|---|---|
| 3/9/2026Source: MRED | Active |
|
| 3/4/2026Source: MRED | March 04, 2026 |