$499,000

Estimated payment $3,509/month

Total Views 80,381
3 Beds
1.5 Baths
3,360 Sq Ft
$149 Price per Sq Ft

Highlights

  • Living Room
  • Laundry Room
  • Dining Room
  • Grayslake Central High School Rated A+
  • Forced Air Heating and Cooling System
  • Family Room

About This Home

Prime Mixed-Use Opportunity on High-Visibility Route 83 - Flexible Layout with Strong Upside Potential, Located on a signalized corner along highly traveled Route 83 in Grayslake, this freestanding mixed-use property offers exceptional visibility and a unique opportunity for investors, business owners, or owner-occupants seeking a customizable live/work space. The property consists of approximately 3,360 sq ft on an oversized 100' x 150' lot with a 24-space private parking lot, providing excellent accessibility for both residential and commercial use. Currently in a "grey box / vanilla box" condition, the property presents a blank canvas ready for build-out, allowing the next owner to design and finish the space to suit their specific needs and goals. Property Features: Mixed-use configuration with separate commercial and residential spaces | Commercial area with clear-span construction for flexible layout options, currently offices are built out | Residential unit includes 3 bedrooms, 1.5 bathrooms, and full-height basement | Separate Washer/dryer hookup for Commercial & Residential | Large windows providing abundant natural light | 24-space on-site parking lot | Strong street presence with excellent exposure. Recent Improvements: Roof | HVAC systems (2 furnaces and 2 A/C units) | Plumbing and electrical systems (200 amp service) | Windows and parking lot | Large front patio. This property offers multiple potential use options, including owner occupancy with on-site business, rental income from one or both units, or a full investment opportunity. Conveniently located in the heart of Grayslake near residential neighborhoods, schools, and local businesses, providing a steady flow of traffic and strong visibility. Building also for lease.

Listing Agent

Jamie Hering

Coldwell Banker Realty License #475166016 Listed on: 06/09/2026

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,222

Year Built

  • Built in 1954 | Remodeled in 2017

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Parking

  • 20 Parking Spaces
  • Parking Available

Schools

  • Woodview Elementary School
  • Grayslake Middle School
  • Grayslake Central High School

Additional Features

  • 14,810 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,222

Year Built

Built in 1954 | Remodeled in 2017

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • HabitableResidenceYN: No
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1954
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Year Renovated: 2017

Interior Features

  • Basement: Partially Finished, Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 3360
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Yes, Owned
  • ParkingTotal: 20

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Woodview School
  • High School: Grayslake Central High School
  • Middle/Junior School: Grayslake Middle School

Lot Info

  • Lot Size Acres: 0.34
  • Lot Dimensions: 15000
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 9222
  • Tax Year: 2024
  • Tax Exemptions: Homeowner,Senior

3D Interior and Exterior Tours

Floorplans

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,222 $108,665 $36,742 $71,923
2024 $9,373 $98,118 $33,176 $64,942
2023 $9,373 $79,691 $35,055 $44,636
2022 $9,015 $75,167 $33,360 $41,807
2021 $10,319 $83,452 $32,065 $51,387
2020 $6,918 $79,402 $30,509 $48,893
2019 $6,891 $52,396 $28,864 $23,532
2018 $10,579 $80,500 $34,223 $46,277
2017 $10,516 $75,722 $32,192 $43,530
2016 $10,160 $69,900 $29,717 $40,183
2015 $9,983 $63,859 $27,149 $36,710
2014 $8,350 $53,398 $16,767 $36,631
2012 $8,147 $55,768 $17,511 $38,257
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/09/2026 06/09/26 For Sale $499,000 -- $149 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Sheriffs Deed $36,961 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

About the Listing Agent

Jamie Hering

Coldwell Banker Realty

(224) 505-4935

Section Image

It is understandable why Jamie Hering is one of the most successful real estate agents over the last eleven years in Northern Illinois. With her experienced team of buyer specialists, lenders, attorneys, professional photographers, title companies, interior designers, and home inspectors, she takes the guesswork out of who to call! All you need to do is Just Ask Jamie! And with over 225 5-Star google reviews, you know Jamie and her team are the best in Lake County, IL.

Combining an

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12671556

Midwest Real Estate Data (MRED)

APN: 06-26-203-010

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