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    211 W Grass Lk Rd Lake Villa, IL 60046

    For Sale
    Contact for pricing

    Business Opportunity - Lake Villa, IL

    Days on Market:
    92
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 211 W Grass Lk Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

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

    Listing agent Jeffrey Padesky (217) 960-8605 License #475177974

    Listing date Sep 5, 2025

    MLS# 12455689 Listing URL

    Copyright © 2025 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 Business Opportunity

    This property in Lake Villa, IL, presents an opportunity to own and operate a business with multiple income streams. The property features a restaurant and bar, complemented by a recently remodeled apartment situated above the business, which can be rented out for additional income or used as living quarters for the business operator. The restaurant includes a full kitchen suitable for lunch and dining services, with potential to increase income by adding breakfast service. A large bar is a popular feature in the area. Additional income sources include video gaming, a pool table, darts, multiple ATMs, and a touch tunes system. The location offers a large patio and ample parking. The basement is utilized for utilities and storage and has been updated with a new keg cooler room for the upstairs taps. Recent updates include a new well and pump. The property can be purchased in various configurations, including just the real estate or just the business, or both together.
    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

    • $289,000

      Lake Villa Business Opportunity

      Restaurant/bar with apartment and multiple income sources in Lake Villa.
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      Lake Villa Retail Opportunity

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      Lake Villa Shopping Center Investment

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    • $1,800,000
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      Lake Villa Industrial Property - $1.8M

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    FAQs

    What type of property is this?
    Bar - Restaurant/bar with apartment and multiple income sources in Lake Villa.
    Where is this bar located?
    The property is located at 211 W Grass Lk Rd Lake Villa, IL.
    What is the asking price?
    The asking price for this property is $3.
    What are key features of this property?
    This property features: - Multiple income streams: restaurant/bar, apartment rental, video gaming, pool table, darts, ATMs, and TouchTunes.; - Recently remodeled apartment for rental income or owner occupancy.; - Large, popular bar with full kitchen and dining services.
    (217) 960-8605
    Request Owner's contact information
    211 W Grass Lk Rd Lake Villa, IL 60046
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    Lake Villa, IL 60046
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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 Lk Rd Lake Villa, IL 60046
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