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    Lakefront Tavern and Apartment Property Title is generated by Realmo AI

    137-139 Arthur Avenue, Fox Lake, IL 60020

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    Claim this Listing
    New
    For Sale
    $579,000

    COMMERCIAL - Fox Lake, IL

    Lot size:
    0.31 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 12 at 6:06 pm

    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

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    Listing Contact
    Jeffrey Bell
    Jeffrey Bell

    Listing agent Jeffrey Bell License #475095372

    Listing office RE/MAX Plaza 5445 Grand Avenue Ste. 200, Gurnee, IL

    Listing date Jun 6, 2026

    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.

    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
    • Cooling: window unit(s); utilities: natural gas available; roof: composition
    • Road easement runs through the property; possible gaming machines may be possible
    • Possible short‑term rentals are subject to village approval

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fox Lake
    County
    Lake
    State
    Illinois
    Longitude
    -88.1783717
    Latitude
    42.406674

    FAQs

    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
    More about this property
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