Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12218968MLS Provider

132 Center StreetGrayslake, IL 60030

Commercial · 2,376 Sq. ft.
$485,000 Active

132 Center Street Overview

Time on Site:
574 days
Visits:
22

**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!

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132 Center Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,376
  • Price/Sq.ft. $204

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: N/A
  • Net Operating Income: 0

Building Information

  • Year Built: 1954

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
  • Township: Avon

Tax Information

  • Tax Annual Amount: $8,013.50
  • Tax Year: 2023

General Information

  • Parcel Number: 06263100300000
  • Property Sub Type: Other
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 2376

General Information

  • Cooling: Central Air
  • Electric: Service - 101 to 200 Amps
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 2292
  • Stories: 1

Unit Information

  • Unit SqFt.: 2292

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 25.5X150X25.5X150
  • Lot Size Square Feet: 3825

Building Exterior/Construction

  • Construction Materials: Block, Fl Brick/Stn Veneer

General Information

  • Number Of Units Total: 2

132 Center Street 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
Community data courtesy of LiveBy, Inc.

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.

132 Center Street Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

132 Center Street 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
Calculations provided by Reliance Network

132 Center Street History

Date Event Value Agent
5/11/2026Source: MRED Status Change
Active
5/6/2026Source: MRED Price Reduction
$485,000 -3.0%
5/6/2026Source: MRED Status Change
Price Change
10/29/2025Source: MRED Status Change
Active
10/24/2025Source: MRED Price Reduction
$500,000 -9.1%
10/24/2025Source: MRED Status Change
Price Change
7/31/2025Source: MRED Status Change
Price Change
7/31/2025Source: MRED Price Reduction
$550,000 -8.3%
7/31/2025Source: MRED Status Change
Active
5/10/2025Source: MRED Status Change
Active
5/5/2025Source: MRED Price Reduction
$599,900 -4.0%
5/5/2025Source: MRED Status Change
Price Change
3/17/2025Source: MRED Status Change
Active
3/12/2025Source: MRED Price Reduction
$625,000 -3.8%
3/12/2025Source: MRED Status Change
Price Change
12/7/2024Source: MRED Status Change
Active
12/2/2024Source: MRED Added to Database
December 02, 2024