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Mixed-Use

Graystone Manor | Affluent Demographics | High Occupancy | Limited Competition

34121 north route 45, Grayslake, IL 60030

Listing Price: $6,350,000

Cap Rate
8.15%
Gross SF
35,945
Rentable SF
35,945
Price/Gross SF
$176.66
Lot Size
3.50 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present Graystone Manor, a 100% occupied mixed-use center in Grayslake, Illinois. A majority of the tenants are service-based and internet-resistant, conveniently offering daily needs for surrounding communities. Six of the tenants have lease commencement dates in 2021 or 2022. These tenants also have a long operating history. 12 of the tenants have operating histories dating back to 2015 or earlier. The property is conveniently situated one block from the heavily traveled intersection of Highway 45 and Washington Street, seeing over 47,000 total vehicles passing per day. 24,700 of those vehicles are along Highway 45, where the property is situated with over 500 feet of frontage. This property offers attractive real estate with 148 surface parking spaces. It’s in close proximity to many schools including College of Lake County, University Center of Lake County, and many other public schools. Grayslake campus is the original campus and the largest, 20% of the land is designated to future growth. There are currently over 10,440 students and 1,600 faculty and staff members. It is also less than one mile from the Special Education District of Lake County Campus, Warren Township High School Almond Campus, Woodland Elementary School, and Woodland Middle School. Nearby attractions include Six Flags Great America and Gurnee Mills Mall, both four miles away. Gurnee Mills Mall has 1.9 million square feet of retail with 200 specialty stores. Six Flags hosts over three million visitors annually. The population within three miles of subject property exceeds 51,000 with the average household income nearing $140,000

Investment Highlights

  • 100% Occupied, Mixed-Use Center
  • Long Operating History | 12 Tenants have Operating Histories Dating Back to 2015 or Earlier
  • Situated One Block from the Heavily Traveled Intersection of Highway 45 and Washington Street | 47,000 Total Vehicles Passing per Day
  • Half a Mile to College of Lake County Campus, University Center of Lake County and Other Public Schools
  • Four Miles to Six Flags Great America, Gurnee Mills and the Regional Shopping Center of Northern Illinois
  • Population of 51,426 Within Three Miles of Subject Property with an Average Household Income of $139,669

Exclusively Listed By

Mixed-Use

Graystone Manor | Affluent Demographics | High Occupancy | Limited Competition

Listing Price: $6,350,000

Cap Rate
8.15%
Gross SF
35,945
Rentable SF
35,945
Price/Gross SF
$176.66
Lot Size
3.50 acres
Year Built
2006

Investment Highlights

  • 100% Occupied, Mixed-Use Center
  • Long Operating History | 12 Tenants have Operating Histories Dating Back to 2015 or Earlier
  • Situated One Block from the Heavily Traveled Intersection of Highway 45 and Washington Street | 47,000 Total Vehicles Passing per Day
  • Half a Mile to College of Lake County Campus, University Center of Lake County and Other Public Schools
  • Four Miles to Six Flags Great America, Gurnee Mills and the Regional Shopping Center of Northern Illinois
  • Population of 51,426 Within Three Miles of Subject Property with an Average Household Income of $139,669

Investment Overview

Marcus & Millichap is pleased to present Graystone Manor, a 100% occupied mixed-use center in Grayslake, Illinois. A majority of the tenants are service-based and internet-resistant, conveniently offering daily needs for surrounding communities. Six of the tenants have lease commencement dates in 2021 or 2022. These tenants also have a long operating history. 12 of the tenants have operating histories dating back to 2015 or earlier. The property is conveniently situated one block from the heavily traveled intersection of Highway 45 and Washington Street, seeing over 47,000 total vehicles passing per day. 24,700 of those vehicles are along Highway 45, where the property is situated with over 500 feet of frontage. This property offers attractive real estate with 148 surface parking spaces. It’s in close proximity to many schools including College of Lake County, University Center of Lake County, and many other public schools. Grayslake campus is the original campus and the largest, 20% of the land is designated to future growth. There are currently over 10,440 students and 1,600 faculty and staff members. It is also less than one mile from the Special Education District of Lake County Campus, Warren Township High School Almond Campus, Woodland Elementary School, and Woodland Middle School. Nearby attractions include Six Flags Great America and Gurnee Mills Mall, both four miles away. Gurnee Mills Mall has 1.9 million square feet of retail with 200 specialty stores. Six Flags hosts over three million visitors annually. The population within three miles of subject property exceeds 51,000 with the average household income nearing $140,000

Exclusively Listed By

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