Sign up to get new listings emailed daily! JOIN SIGN IN
Donya Bundy
REALTOR®
(608) 295-5181

161 Center Street, Grayslake, IL 60030

$1,489,999
  • 161 Center Street, Grayslake, IL 60030 Main Photo

20 Photos

New to the Market New
SQUARE FEET4,702 MLS#12777259
STATUSNew PROPERTY TYPECommercial - Retail

Property Description

Great freestanding masonry commercial restaurant Retail building, In downtown Grayslake, Prime location on bustling Center Street Currently built out as a full modern restaurant and bar with a modern commercial kitchen, Features a Black iron cook area with ANSUL System, Currently leased through September, 2027. At the termination of the lease, all fixtures constructed by Lessee, including but not limited to any bars/counters where alcoholic beverages are served, and any built-in liquor cabinets and exhaust/smoke hoods, but excluding any walk-in coolers, shall at Lessor's option, remain for the benefit of the Lessor. Equipped with an expansive Commercial Kitchen, Industrial Hood, restaurant and Bar space. Guests can enjoy a vibrant atmosphere with a 50-seat dining room, 25 bar seats, Now is your chance to own a stunning, fully built-out/bar/restaurant in the heart of downtown Grayslake C-B Zoning, Building is 4702 SQ FT feet, Lot is 5820 SQ FT, 6400 (VPD) cars pass this location a day. Right near the corner of Center street & Whitney Great Visibility, Great Demographics, Bldg is completely rehabbed, & very well maintained, Updated ADA Men's and Women's Restrooms, Great signage area, classic facade, 14 FT ceilings, 200 amp electric system, very bright, modern lighting, Gas heat, Completely modern updated wiring for computer and phone system, Updated HVAC, Great potential here, Perfect for an owner user, ideal for a variety of commercial uses, Restaurant Bar, Retail, Ghost Kitchen, Professional use Office insurance, Lawyer, Real estate, Medical use, school, adult education center, Area Retailers and business include, First Draft Bar restaurant, Abel's Cantina Whitney Street Diner, Charlies Bar, The Vine - Martini & Wine Bar Romney Brown Candle Company PIN NUMBER - 0626314039 Do not bother tenant, Call listing agent for showing.

161 Center Street | MLS# 12777259

This commercial property located at 161 Center Street, Grayslake, IL 60030 is currently listed for sale with an asking price of $1,489,999. Search Grayslake real estate on dbundy.gogambino.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.13 Acres
Roof Type: Fiberglass, Membrane
Stories: 1.0
Taxes: $15,345
Year Built: 1945

Feature Descriptions

Current Use: Commercial
Electric: Service - 201 to 600 Amps
Exterior: Brick
Fire Protection: Alarm Monitored, Alarm On Site, Ansul System, Fire Extinguisher/s, Hydrants On Site, Sprinklers
Flooring: Concrete, Tile, Varies
Foundation: Concrete Perimeter
Frontage Type: City Street, Public Road, Paved
HVAC: Central Bldg Heat, Forced Air
Location: Central Business District, Mixed Use Area
Lot Dimensions: 131.8X38.7
Miscellaneous Indoor: Elevator/s Passenger, Public Restroom/s, Storage Inside
Parcel#: 06263140390000
Parking: 1-5 Spaces
Units: 1
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available

Listed By / Shown By

Listed By

Agency Name: @properties Commercial
Agency Phone: 312-337-0200

Shown By

Agent Name: Donya Bundy
Agent Phone: (608) 295-5181
Agency Title: Gambino Realtors

IDX logo

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/12/2026. The listing information on this page last changed on 10/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 10/12/2026 2:05:25 AM EST) or MRED MLS (last updated Mon 10/12/2026 2:01:48 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 10/11/2026 10:15:21 PM EST) or Northern Illinois Commercial Association Realtors (last updated Sun 10/11/2026 2:10:06 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder