Grayslake, IL Commercial Real Estate for Lease and Sale

Explore 14 listings of Grayslake commercial real estate to find the best space for your business.

136 Center St

136 Center St, Heritage, Grayslake, IL
Property

Retail

12,474 SF
Availability

1 Space

765 SF
Year Built

1958
For Lease

$18.50/SF/MO
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15 Commerce Dr

15 Commerce Dr, Hunters Ridge, Grayslake, IL
Property

Retail

34,725 SF
Availability

1 Space

4,000 SF
Year Built

1993
For Lease

$19.50/SF/YR
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100 North Atkinson Road

100 North Atkinson Road, Estates of Eastlake, Grayslake, IL
Property

Retail

43,656 SF
Availability

5 Spaces

4,640 SF
Year Built

1993
For Lease

$16.00 - $24.00/SF/YR
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1480 N. Lake St.

1480 N. Lake St., Normandy Woods, Grayslake, IL
Property

Retail

6,011 SF
Availability

1 Space

4,695 SF
For Lease Contact for pricing
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SEC Midlothian Road & Route 137

SEC Midlothian Road & Route 137, Alleghany Park, Libertyville, IL
Property

VacantLand
For Sale

Subject to Offer
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100 S Atkinson Rd

100 S Atkinson Rd, Hunters Ridge, Grayslake, IL
Property

Retail

36,921 SF
Availability

12 Spaces

8,147 SF
Year Built

1998
For Lease Contact for pricing
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61 Center Street - Downtown Grayslake

61 Center St, Heritage, Grayslake, IL
Property

Retail
Availability

1 Space

6,000 SF
For Lease Contact for pricing
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100 North Atkinson Road
Agora Coworking
100 North Atkinson Road, Grayslake, IL
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed wifi

Kitchen

Mail services

Printer

Privacy booths

TV/Monitor

White boards

Window view
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Grayslake Business Park

Grayslake Business Park, Country Faire, Grayslake, IL
Property

Unassigned
Year Built

2016
For Sale Contact for pricing
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Commercial or Residential Development Opportunity

17072 W IL RTE 120 , Woodland Meadows, Grayslake, IL
Property

Other
For Sale

$1,200,000
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S-SEC Route 120 & Route 137

S-SEC Route 120 & Route 137, Prairie Crossing, Grayslake, IL
Property

VacantLand
For Sale

Subject to Offer
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310-340 South Atkinson Road

310-340 South Atkinson Road, Hunters Ridge, Grayslake, IL
Property

Unassigned
Year Built

2018
For Sale

$775,000
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Gages Road & Hunt Club Road

Gages Road & Hunt Club Road, Allen Farm, Gurnee, IL
Property

Unassigned
For Sale Contact for pricing
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23379 W. State Route 60

23379 W. State Route 60, Hampshire Farms West, Round Lake, IL
Property

Land

20 Acre
For Sale

$80,000/Acre
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Grayslake commercial real estate market includes 133,787 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Grayslake incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Grayslake is represented by Retail space, which accounts for 28,247 square feet of available listings.

Meanwhile, most of the listings of commercial property for sale in Grayslake are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Grayslake, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Grayslake is in the Hunters Ridge neighborhood.

Meanwhile, retail space opportunities are most abundant in the Hunters Ridge submarket.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $24 per square foot.

The average size of a commercial property in Grayslake depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

Retail properties here incorporate an average of 26,758 square feet.

Grayslake, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Grayslake currently add up to 28,247 square feet. Local retail availability includes 28,247 square feet across 6 retail space(s).

Property Type	Count of Listings	Total SF
Retail	6	28,247

Grayslake, IL Commercial Real Estate for Lease and Sale

136 Center St

15 Commerce Dr

100 North Atkinson Road

1480 N. Lake St.

SEC Midlothian Road & Route 137

100 S Atkinson Rd

61 Center Street - Downtown Grayslake

100 North Atkinson Road

Grayslake Business Park

Commercial or Residential Development Opportunity

S-SEC Route 120 & Route 137

310-340 South Atkinson Road

Gages Road & Hunt Club Road

23379 W. State Route 60

Frequently Asked Questions

Grayslake, IL Currently Available Listings

Commercial Space for Lease Breakdown

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Grayslake, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Grayslake, IL?

What factors affect the price of commercial real estate in Grayslake, IL?

What are the best areas for commercial real estate in Grayslake, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Grayslake, IL?

Grayslake, IL Currently Available Listings

Commercial Space for Lease Breakdown

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About us