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Bar and Pub with Upstairs Apartment
For Sale
Contact for pricing

211 W Grass Lake Road, Lake Villa, IL 60046

Business Opportunity, Lake Villa, IL

Property SizeContact for details
Days on Market14

Property Features for 211 W Grass Lake Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions Rt. 83 South of Grass Lake Rd. to property on East Side of 83 next to train tracks
Subdivision Lake Villa / Lindenhurst
Standard status Active

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 6500

Utilities

Cooling system Central Air

Amenities

Video Gaming
pool table
darts
Multiple ATM's
touch tunes
new keg cooler room
new well and pump
Basement utilities/storage

Building Details

Floors in Building 2
Listing Agency: Real Broker, LLC
Listed By: Jeffrey Padesky · License #475177974
Added: Aug 12 Changed: Aug 20 Last Checked: Aug 25 at 4:06AM
MLS# 12721098

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.

Investment Insights

Based on property information with market context.

This Lake Villa bar and pub property includes a full kitchen serving lunch and dining functions, a bar area, patio seating, and on-site parking. An apartment occupies the level above the business and has been recently remodeled, offering flexibility for occupancy or rental use. The lower level provides utility and storage space, along with a dedicated keg cooler room serving the taps. Additional on-site features include video gaming, a pool table, darts, multiple ATMs, and TouchTunes. The property is zoned COMMR and has central air. A new well and pump have also been installed, while other updates extend across the building. Located at 211 W Grass Lake Road in Lake Villa, the property combines a hospitality business layout with an upstairs residential component.

Key Highlights

  • Recently remodeled apartment above the business
  • Full kitchen with lunch and dining service areas
  • Large patio and on‑site parking

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Hair Salon Butcher Cafe & Coffee Shop Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 81% Shops & Services 19%
McDonald's Dining
19,314 visits/mo 0.5 miles
BP Shops & Services
4,429 visits/mo 0.3 miles

Demographics for 60046, IL

34,690
Population
12,544
Households
2.8
Avg Household Size
41
Median Age
42%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
1,508
Density / Sq Mi
$122,376
Median Household Income
$58,297
Median Earnings
$1,645
Median Rent
$282,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Bar & Pub - The property combines a full-service kitchen, dining areas, and an upstairs apartment.
Where is this bar & pub located?
The property is located at 211 W Grass Lake Road Lake Villa, IL.
What are key features of this property?
This property features: Recently remodeled apartment above the business; Full kitchen with lunch and dining service areas; Large patio and on‑site parking
More about this property
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