O'Neil Property Group

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$3,750,000
179 Days On Site

250 Center Street
Grayslake, IL 60030

For Sale|Retail|Active
0
Beds
0
Total Baths
9,165
SqFt
$409
/SqFt
1925
Built
County:
Lake
Listing Courtesy of MRED as distributed by MLS Grid of @properties Commercial
250 Center Street250 Center Street250 Center Street250 Center Street
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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

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Listing Snapshot
PriceΒ 
$3,750,000
Days On SiteΒ 
179 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
9,165 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1925
MLS NumberΒ 
12626713
StatusΒ 
Active
Property TaxΒ 
$50,003
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
6 months agoListing updated with changes from the MLS
6 months agoStatus changed to Active
6 months agoListing first seen on site
General Features
Additional Property UseΒ 
Commercial
FoundationΒ 
Concrete Perimeter
Property Sub TypeΒ 
Retail
SqFt TotalΒ 
9165
UtilitiesΒ 
Natural Gas AvailableSewer ConnectedWater Available
ZoningΒ 
RTAIL
Interior Features
CoolingΒ 
Central Air
FlooringΒ 
ConcreteTileVaries
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Exterior Features
Construction DetailsΒ 
BrickConcrete
RoofΒ 
Membrane
Community Features
MLS AreaΒ 
Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
TownshipΒ 
Avon
Listing Courtesy of MRED as distributed by MLS Grid of @properties Commercial



Based on information submitted to the MLS GRID as of 2026-11-09 06:29 AM UTC. 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.
Last checked: 2026-11-09 06:29 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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