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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

Property Details

Price:
$3,750,000
MLS #:
MRD12626713
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
gageslakegrayslakehainesvillethirdlakewildwood
Listed Date:
May 13, 2026
Total Sq Ft:
9,165
Year Built:
1925
Gages Lake / Grayslake / Hainesville / Third Lake / WildwoodGageslakegrayslakehainesvillethirdlakewildwood

Schools

Interior

Cooling
Central Air
Flooring
Concrete, Tile, Varies

Exterior

Construction Materials
Brick, Concrete
Roof
Membrane
Stories
2

Financial

HOA Fee Frequency
Not Applicable
Net Operating Income
$276,000
Tax Year
2024
Taxes
$50,003

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Mike Gonet was born, raised, and raised his family in the Putnam County Area. He has successfully run a family-owned real estate business for over 40 years with Gonet Real Estate & Land Co. He has extensive experience (and thoroughly enjoys) selling vacant land, farm ground, and commercial properties. When Mike has free time, he enjoys spending it with his 4 adult children and many grandkids by watching baseball and college basketball and playing golf. His experience and expertise in real estat…

More About Michael
250 Center Street
Grayslake, IL

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