33125 Highway 45

Grayslake, IL 60030

$549,900
Price
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Description

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...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.

Property Details for 33125 Highway 45

Area
Gages Lake / Grayslake / Hainesville / Third Lake
Township
Warren
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 10/08/2025 12:07 AM

Property Details for 33125 Highway 45

StatusActive
MLS #12481766
Days on Market75
Taxes$17,606 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1978
Lot Size0.29 AC / 12,541 SF
CountyLake County

Location

Listing Courtesy of Realty World Tiffany R.E.
Add your commute

Building Information for 33125 Highway 45

Stories1Residences6Year Built1978Lot Size0.29 AC / 12,541 SF

Payment Calculator

$4,184 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,717

Property Taxes

$1,467

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 33125 Highway 45

General Information
Location and General Information
  • Frontage Type: US Highway
  • Geographic Locale: North Suburban
  • Information: Show-Special Instructions
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
  • Flooring: Carpet, Concrete, Vinyl
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Lot Dimensions: 60x211
  • Lot Size Square Feet: 12541.0
  • Stories: 1
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Other
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5066
  • # Of Offices: 5
  • Office SqFt: 3718
  • Other SqFt: 1300
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial, Retail
  • Public Document Count: 0
  • Photos Count: 4
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1.00
  • Fuel Expense: $1.00
  • Gross Income: $25,200.00
  • Gross Scheduled Income: $25,200.00
  • Insurance Expense: $1.00
  • Total Monthly Income: 2100
  • Water Expense Source: Combination
  • Other Expense: $1.00
  • Trash Expense: $1.00
  • Water Sewer Expense: $2,772.00

Property History for 33125 Highway 45

DateEvent & SourcePriceAppreciation
Oct 2, 2025

Listed (Active)

MRED #12481766

$549,900—
DateEvent & SourcePrice
10/02/2025

Listed (Active)

MRED #12481766

$549,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 33125 Highway 45

Taxable ValueLand$39,440Additions$139,899Total$179,339
Tax Record2024$17,607 ($1,467 / month)
Home Facts
Total Finished SqFt5,066 SqFtAbove Grade Finished SqFt5,066 SqFtLot Size12,632 SqFtStyleOffice BuildingYear Built1978CountyLAKEAPN07-30-315-037

Schools near 33125 Highway 45

This home is within Warren Twp Hsd 121 School District.
Rating
School
Type
Grades
Distance
Woodland Elementary School
Public - 1 to 3
Woodland Intermediate School
Public - 4 to 5
Woodland Middle School
Public - 6 to 8
Warren Township High School
Public - 9 to 12
Rating
School
Distance
Woodland Elementary School
Public1 to 3

Woodland Intermediate School
Public4 to 5

Woodland Middle School
Public6 to 8

Warren Township High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 33125 Highway 45, Grayslake, IL 60030

33125 Highway 45 is a mixed use property for sale in Grayslake, IL 60030. This property was listed for sale on October 2, 2025 by Realty World Tiffany R.E., it's currently listed at $549,900. This listing's school districts are Woodland Central Consolidated School District 50, Warren Twp Hsd 121 School District. Nearby schools include Woodland Elementary School, Woodland Intermediate School and Woodland Middle School. 33125 Highway 45 is a 0-bed, 0-bath, mixed use property built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty World Tiffany R.E.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/08/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.