1100 Washington StGrayslake, IL 60030

Property Details for 1100 Washington St

Year built

2004

Construction

FRAME

Lot size

0.43 AC

Property size (Sq ft)

15,540 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

06-24-404-124

APU

624404124

Description

This exceptional mixed-use property, Washington Square, offers prime retail and office space for lease in the thriving Grayslake community. Located at the highly visible northeast corner of Washington Street and Lancer Lane, this building boasts 47,861 square feet and benefits from a daily traffic count of 22,300 vehicles on Washington Street. The property features a total of 220 parking spaces, ensuring ample convenience for tenants and their clients. Currently, there are three available suites ranging from 1,040 to 2,200 contiguous square feet, ideal for a variety of businesses. The building, constructed in 1999, is zoned SCB and offers excellent exposure, situated directly across from the College of Lake County, providing a strong and diverse customer base. The surrounding area features a robust residential population of 125,382 within a five-mile radius, with an average household income exceeding $105,000. The property's prominent location and strong demographics make it an attractive opportunity for businesses seeking high visibility and a thriving market. Annual property taxes are $4.90 per square foot. The building also features monument signage on Washington Street. Contact us today to learn more about these exceptional leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,805,932

  6.5%

  $2,590,090

  7%

  $2,405,084

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,577,670

  Geo Method

  $2,024,085

• Alternative Use

  Use

  Valuation

  Residential

  $3,211,712

  Hospitality

  $2,941,911

  Educational

  $2,447,636

  Medical

  $2,531,814

  Retail

  $3,807,433

Location Insight

City

Grayslake

County

Lake

State

Illinois

Latitude

42.3609

Longitude

-88.0111

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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