55 Barron Blvd Grayslake, IL 60030

This exceptional Grayslake, IL retail property, located at 55 N Barron Blvd, offers a compelling investment opportunity. The 8,380 square foot building, constructed in 1955 and extensively renovated in 2005, boasts a strong 8.79% cap rate and a substantial net operating income (NOI) of $83,472. Currently housing two tenants, including a recently expanded restaurant with a renewed lease, and a long-term thrift store tenant (month-to-month), this property presents a diverse income stream. One unit, approximately 4,800 square feet, features two overhead doors, large windows facing Route 83, and offers high visibility and accessibility. The property includes two parcels, providing ample parking for 30 vehicles. Situated on a busy state highway in the heart of Grayslake, this Class B building benefits from excellent signage and high traffic volume. The property sits on a 28,800 square foot lot and is zoned GB. The asking price is $950,000, translating to $113.37 per square foot. The property's strong occupancy, prime location, and recent renovations make it an attractive investment for owner-users seeking a stable and profitable venture. The anticipated occupancy date for the available space is August 31, 2024. The property is an LLC ownership and the APN is 0626402014.