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Listing provided courtesy of Realty World Tiffany R.E.MREDas Distributed by MLSGrid- MLS# 12481766MLS Provider

33125 N US Highway 45Grayslake, IL 60030

Commercial · 5,066 Sq. ft.
$495,900 Active

33125 N US Highway 45 Overview

Time on Site:
270 days
Visits:
7

Prime Mixed-Use Opportunity on Hwy 45 in Grayslake! Bring your vision to this versatile mixed commercial/residential building in a high-visibility location on busy Hwy 45. The main level offers five store fronts/offices, perfect for retail, professional offices, or a blend of both. The upper level features a spacious apartment, ideal for owner-occupancy or generating additional rental income. This property offers multiple ways to maximize your investment: live on-site and run your own business, lease the entire space, or operate one unit while collecting rent from the others. There's parking for approximately 10-12 vehicles in front and along the sides, making it convenient for tenants and customers alike. Whether you're an entrepreneur looking for a launchpad, an investor seeking a strong income property, or a business owner ready to expand, this property offers the flexibility and location to make it happen.

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33125 N US Highway 45 Facts & Features

  • Type Commercial
  • Sq. ft. 5,066
  • Price/Sq.ft. $98

Details

General

Income/Expenses

  • Other Expense: 1
  • Electric Expense: 1
  • Existing Lease Type: Gross
  • Fuel Expense: 1
  • Gross Income: 25200
  • Gross Scheduled Income: 25200
  • Insurance Expense: 1
  • Trash Expense: 1
  • Water Sewer Expense: 2772

Building Information

  • Year Built: 1978

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
  • Township: Warren

Tax Information

  • Tax Annual Amount: $17,606.00
  • Tax Year: 2023

General Information

  • Parcel Number: 07303150370000
  • Possible Use: Commercial,Retail
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Information

  • Office SqFt.: 3718
  • Other SqFt.: 1300

Building Interior

  • Building Area Total: 5066

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
  • Flooring: Carpet, Concrete, Vinyl
  • Foundation Details: Concrete Perimeter
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: US Highway
  • Lot Size Dimensions: 60x211
  • Lot Size Square Feet: 12541

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Membrane

General Information

  • Number Of Units Total: 6

33125 N US Highway 45 Neighborhood

Community

60030 (GRAYSLAKE) Demographics

42
Median Age
1,316
Population Density (per sq. mile)
56%
College Educated
$92,697
Estimated Median Income
11,079
Estimated Total Home Owners
2,861
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

33125 N US Highway 45 Monthly Cost

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$ %
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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

33125 N US Highway 45 Market Data

Based on the last 30 days in this zip code

$415,713
Average List Price
$205
Average Price per Square Foot
46
Properties Sold
43
Average Days on Market
124
Properties for Sale
Calculations provided by Reliance Network

33125 N US Highway 45 History

Date Event Value Agent
2/14/2026Source: MRED Status Change
Active
2/9/2026Source: MRED Price Reduction
$495,900 -9.8%
2/9/2026Source: MRED Status Change
Price Change
10/7/2025Source: MRED Status Change
Active
10/2/2025Source: MRED Added to Database
October 02, 2025