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    211 W Grass Lake Rd Lake Villa, IL 60046

    Sponsored
    For Sale
    $289,000

    COMMERCIAL - Lake Villa, IL

    Lot size:
    0.39 Acres
    Days on Market:
    132
    Last Refresh:
    Jan 10 at 12:06 pm

    Property Features for 211 W Grass Lake Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    02204000500000
    Lot size
    0.39 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    2

    Real Broker LLC (630) 439-6385 [email protected]

    Listing agent Jeffrey Padesky (217) 960-8605

    Listing date Sep 1, 2025

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Villa Commercial Opportunity

    This property in Lake Villa, IL, presents an opportunity to own and operate a business with multiple income sources. Currently functioning as a restaurant and bar, the property also includes a recently remodeled apartment above the business, which can be rented out for additional income or used as living quarters for the owner. The restaurant features a full kitchen with lunch and dining services, with potential to increase income by adding breakfast service. A large bar is a popular feature in the area. Additional amenities include video gaming, a pool table, darts, multiple ATMs, and TouchTunes. The location offers a large patio and ample parking. The basement is used for utilities and storage and has been updated with a new keg cooler room for the upstairs taps. A new well and pump have recently been added, representing hundreds of thousands in recent updates. The property is situated on a 0.39-acre lot. The basement is used for utilities and storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.0615
    Latitude
    42.4132

    Nearby Similar for Sale

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      Lake Villa Retail Opportunity

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    • $4,200,000
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      Lake Villa Shopping Center Investment

      Fully occupied, high-yield retail center.
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    • $1,800,000
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      Lake Villa Industrial Property - $1.8M

      Flex, Manufacturing, Warehouse - 5,788 SF
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    • $779,000
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      Lake Villa Office Building Investment

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      View Details

    FAQs

    What type of property is this?
    Bar - Restaurant/bar with apartment and multiple income streams for sale.
    Where is this bar located?
    The property is located at 211 W Grass Lake Rd Lake Villa, IL.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - Multiple income streams from restaurant/bar business.; - **Recently remodeled apartment** provides rental income or owner occupancy.; - **Large, popular bar** with video gaming, pool table, darts, ATMs, and TouchTunes.
    (630) 439-6385
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    211 W Grass Lake Rd Lake Villa, IL 60046
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