132 Center St Grayslake, IL 60030

This exceptional 2,376 square foot building at 132 Center Street, Grayslake, IL, presents a unique investment opportunity. Situated in the heart of downtown Grayslake, this well-constructed block building boasts a successful 30+ year history as a thriving hair salon. The property offers a flexible layout, combining 1,291 square feet of commercial space ideal for retail or office use with a 1,001 square foot residential area. This allows for the convenience of a live-work arrangement, or the potential for separate leasing of both spaces to generate income. The Commercial Business zoning permits a wide range of uses, providing adaptability for future business ventures or development. Significant expansion potential exists, including the possibility of a four-story renovation. Grayslake's desirable location, almost equidistant from Chicago and Milwaukee, coupled with its above-average household income and growing population, ensures a strong local economy and a ready market for new businesses. This property is an excellent choice for entrepreneurs seeking a prime location, investors looking for a revenue-generating asset with appreciation potential, or anyone desiring a blend of business and residential living in a thriving downtown setting. The property is priced at $650,000.