It’s Too Late is an unreleased cover of a Carole King song that appeared on her 1971 album Tapestry. It was recorded in late 1974 at Cookhouse Studios, Minneapolis, Minnesota, by Grand Central, a band consisting of Prince, André Anderson, Charles 'Chazz' Smith, Linda Anderson and William Doughty, with Pepé Willie overseeing.
The reel-to-reel recording-session was a result of winning a North Commons Park battle-of-the-band contest, where the prize was $75 and 8 hours recording time. Other songs recorded in the session were Whenever, You Remind Me Of Me and Love Unlimited’s instrumental Love’s Theme. These four songs are the first to be recorded by Prince in a studio. He would later return to the Cookhouse Studios to record songs for Pepé Willie’s 94 East project the following year. Other sessions with Grand Central (now Grand Central Corporation with Morris Day on drums replacing Charles 'Chazz' Smith) and André Anderson took place in early 1976 at ASI Studio, Minneapolis, Minnesota.
It is not known if It’s Too Late was considered for inclusion on any project.