Lakefront Tavern and Apartment
137-139 Arthur Avenue Fox Lake, IL 60020
For Sale
$579,000
COMMERCIAL - Fox Lake, IL
Lot Size0.31 Acres
Days on Market54
Property Features for 137-139 Arthur Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Standard status
Active
APN
05033060010000
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13459
Utilities
Utilities
Natural Gas Available
Cooling system
Window Unit(s)
Water front
1
Building Details
Floors in Building
2
Building materials
Wood
Roof type
Composition
Listing Agency:
RE/MAX Plaza
(847) 596-6100
Listed By:
Jeffrey Bell · License #475095372
(847) 596-6100
Added: Jun 6
Changed: Jun 10
Last Checked: Jul 29 at 10:06PM
MLS# 12670035
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 property is a vacant, lakefront commercial site that includes a former tavern and seven residential apartments. The offering consists of three buildings located together on the property, with piers and deck space facing the lake. The buildings are described as needing work, and the property includes approximately 80 feet of lake frontage. A road easement runs through the property, and gaming machines may be possible.
The property is located on the corner of Arthur Avenue and Cathryn Avenue in Fox Lake, overlooking Nippersink Lake on the Chain. The public remarks indicate the site is near downtown, the train, and Lakefront Park, where summer concerts are held weekly. The property also has a deck noted for lake views.
For buyers seeking a redevelopment opportunity, the current configuration supports multiple residential units alongside a commercial/tavern component. The remarks also note possible short-term rental use, subject to village approval, which may appeal to operators looking to pursue a flexible lodging approach where permitted. Prospective tenants, operators, and investors should plan for renovation work and confirm all approvals related to short-term rentals and any gaming.
The property is located on the corner of Arthur Avenue and Cathryn Avenue in Fox Lake, overlooking Nippersink Lake on the Chain. The public remarks indicate the site is near downtown, the train, and Lakefront Park, where summer concerts are held weekly. The property also has a deck noted for lake views.
For buyers seeking a redevelopment opportunity, the current configuration supports multiple residential units alongside a commercial/tavern component. The remarks also note possible short-term rental use, subject to village approval, which may appeal to operators looking to pursue a flexible lodging approach where permitted. Prospective tenants, operators, and investors should plan for renovation work and confirm all approvals related to short-term rentals and any gaming.
Key Highlights
- Approx. 80' of lake frontage on Nippersink Lake on the Chain with piers and lakefront views
- Former tavern plus 3 buildings on the property with a deck, located at the corner of Arthur and Cathryn
- Includes 7 residential apartments on the water; property is currently completely vacant
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Vacant, lakefront mixed-use site with a former tavern and seven apartments, including piers and deck space.
Where is this apartment building located?
The property is located at 137-139 Arthur Avenue Fox Lake, IL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Approx. 80' of lake frontage on Nippersink Lake on the Chain with piers and lakefront views; Former tavern plus 3 buildings on the property with a deck, located at the corner of Arthur and Cathryn; Includes 7 residential apartments on the water; property is currently completely vacant
