Two buildings fully rented on busy Route 12 across from Watt's Marina on the Chain-O-Lakes! The buildings were completely renovated down to the studs approximately 10 years ago. The building in front consists of a store that is approximately 1,680 SF on the first floor and a very nice 1,200 SF apartment with 2 bedrooms and awesome views of Pistakee Lake and the marina on the second floor. The building in back is an auto repair shop with outside storage for vehicles. Steady cash flow!
Freestanding building on Route 12 across from Watt's Marina on the Chain-O-Lakes! The first floor is about 3,700 SF with a retail showroom and four overhead doors for workshop/ automotive type space. The second floor was a 2 bedroom apartment that could be office space or part of the business downstairs. There is a fully fenced in outside yard in back of the building large enough for approximately 20 vehicles. High traffic commercial area with approximately 25,000 cars per day. A new car dealership is being constructed just a few hundred feet north. Great potential for many business opportunities!
SELLER FINANCING AVAILABLE! Located in the Fox Lake downtown area, this fantastic opportunity to own a pool hall and bar with both a liquor and package license has presented itself. Property is 7,880 sf with one of the largest patio dining spaces in Fox Lake. Current owner has updated with new rolled rubber roof on pool hall (3 years), new siding (2022), new tankless water heater (3 years), new bathrooms (4 years), and new patio (3 years). The kitchen equipment has been updated with new prep cooler, new ice machine, and 2 new freezers. The interior houses two bars, one in the pool hall and the other in the dining room, with a separate gaming area alongside the main bar. The business has a full service food license, liquor license, gaming license, and packaged liquor license. Multiple revenue streams for this property include: Video Gaming, Food Sales, Liquor Sales, Packaged Liquor Sales, Owned ATM, and owned Pool Tables. All trade fixtures are included. Business is still in operation, confidential do not contact employees.
Excellent location in the central business district, this property comes with the prime opportunity to utilize the existing large warehouse building or develop the land for a new commercial use. Located next to the PUD for entertainment development as well as the new Culver's and Ben Watt's Marina. Potential for TIFF district. Prior use was an automotive repair shop and showroom. There are three rooms for repairs with two story ceilings and 5 large Drive in Doors. Multiple hanging heaters, high level shop lighting, and floor drain still in place. Lifts and all other equipment have been removed. There is one large showroom in front and multiple offices behind. Ideal location for auto repair, boat repair, redevelopment use for restaurant, retail, or dispensary. Owner will consider financing. Phase 2 Environmental has been recently completed and came back clean. All measurements approximate and to be verified by buyer and buyer's agent.
Stately brick and concrete office building located right in the heart of downtown Fox Lake on Grand Avenue in front of the village hall, across from a shopping center and walking distance to the commuter train. Priced far less than assessed value, last appraisal, and replacement cost. Includes two lots with potential to build another building. Approximately a half acre of land with over 30 parking spots. Newer boiler and water heater. Currently occupied by a law firm and a state representative. Taxes were reduced by $2,000 last year. Great opportunity for either an owner/ user or an investor! It is possible to add residential above the office space as well.
The median home value in Fox Lake, IL is $215,000. This is lower than the county median home value of $242,800. The national median home value is $219,700. The average price of homes sold in Fox Lake, IL is $215,000. Approximately 55.56% of Fox Lake homes are owned, compared to 29.3% rented, while 15.14% are vacant. Fox Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fox Lake real estate agent to arrange a tour today!
Fox Lake, Illinois has a population of 10,762. Fox Lake is less family-centric than the surrounding county with 18.7% of the households containing married families with children. The county average for households married with children is 38.63%.
The median household income in Fox Lake, Illinois is $57,702. The median household income for the surrounding county is $82,613 compared to the national median of $57,652. The median age of people living in Fox Lake is 44.4 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 35.9 inches per year, with 43.8 inches of snow per year.