Great freestanding masonry commercial restaurant Retail building, In downtown Grayslake, Prime location on bustling Center Street Currently built out as a full modern restaurant and bar with a modern commercial kitchen, Features a Black iron cook area with ANSUL System, Currently leased through September, 2027. At the termination of the lease, all fixtures constructed by Lessee, including but not limited to any bars/counters where alcoholic beverages are served, and any built-in liquor cabinets and exhaust/smoke hoods, but excluding any walk-in coolers, shall at Lessor’s option, remain for the benefit of the Lessor. Equipped with an expansive Commercial Kitchen, Industrial Hood, restaurant and Bar space. Guests can enjoy a vibrant atmosphere with a 50-seat dining room, 25 bar seats, Now is your chance to own a stunning, fully built-out/bar/restaurant in the heart of downtown Grayslake C-B Zoning, Building is 4702 SQ FT feet, Lot is 5820 SQ FT, 6400 (VPD) cars pass this location a day. Right near the corner of Center street & Whitney Great Visibility, Great Demographics, Bldg is completely rehabbed, & very well maintained, Updated ADA Men’s and Women’s Restrooms, Great signage area, classic facade, 14 FT ceilings, 200 amp electric system, very bright, modern lighting, Gas heat, Completely modern updated wiring for computer and phone system, Updated HVAC, Great potential here, Perfect for an owner user, ideal for a variety of commercial uses, Restaurant Bar, Retail, Ghost Kitchen, Professional use Office insurance, Lawyer, Real estate, Medical use, school, adult education center, Area Retailers and business include, First Draft Bar restaurant, Abel’s Cantina Whitney Street Diner, Charlies Bar, The Vine – Martini & Wine Bar Romney Brown Candle Company PIN NUMBER – 0626314039 Do not bother tenant, Call listing agent for showing.
Property Details
Price:
$1,489,999
MLS #:
MRD12777259
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
gageslakegrayslakehainesvillethirdlakewildwood
Listed Date:
Oct 8, 2026
Total Sq Ft:
4,702
Year Built:
1945
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Concrete, Tile, Varies
Exterior
Construction Materials
Brick
Roof
Fiberglass, Membrane
Stories
1
Financial
HOA Fee Frequency
Not Applicable
Tax Year
2025
Taxes
$15,345
Map
Community
- Address161 Center Street Grayslake IL
- CityGrayslake
- CountyLake
- Zip Code60030
Market Summary
Current real estate data for Commercial in Grayslake as of Oct 11, 2026
11
Commercial Listed
196
Avg DOM
$1,396,336
Avg List Price
Property Summary
- 161 Center Street Grayslake IL is a Commercial for sale in Grayslake, IL, 60030. It is listed for $1,489,999
Similar Listings Nearby

Copyright 2026. All rights reserved.
161 Center Street
Grayslake, IL


