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Mixed-Use Building with Apartments
For Sale
$399,900

21 S US Highway 12, Fox Lake, IL 60020

Commercial Sale, Fox Lake, IL

Property SizeContact for details
Lot Size0.34 Acres
Days on Market226

Property Features for 21 S US Highway 12

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions On Hwy 12 south of Grand Avenue on East side.
Subdivision Fox Lake
Standard status Active
APN 05092000340000
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 12529

Utilities

Utilities Natural Gas Available
Cooling system Window Unit(s), Central Air

Amenities

basement storage

Building Details

Year built 1976
Floors in Building 2
Number of units 4
Building materials Vinyl Siding, Brick, Block
Roof type Rubber, Composition
Listing Agency: Realty World Tiffany R.E.
Listed By: Jack Fields · License #475146944
Added: Feb 13 Changed: Sep 24 Last Checked: Sep 27 at 10:06AM
MLS# 12568397

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 1976 mixed-use building contains two side-by-side commercial units on the main level, an efficiency apartment at the rear, and a two-bedroom apartment upstairs. The second-floor unit has an open living room and kitchen, one full bath, and a rooftop patio with walkout access. One commercial suite has been remodeled; the other includes access to about 440 square feet of finished basement office or storage space. The basement also contains mechanicals and additional storage.

The property occupies 0.3444 acres across two lots along US Highway 12 in Fox Lake. On-site parking accommodates around 25 cars, and zoning is COMMR.

Three units are leased, including a commercial suite occupied by a barber for four years; the tenant would like to remain. The second-floor apartment is vacant.

Key Highlights

  • Two commercial suites and two apartments in a four‑unit building
  • Three units leased; upstairs two‑bedroom apartment is vacant
  • Barber has occupied one commercial suite for 4 years and would like to stay

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Building Supply Big Box & Wholesale Store Hair Salon Garden Center

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

2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

573
Businesses Nearby

Demographics for 60020, IL

10,967
Population
5,523
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
2,333
Density / Sq Mi
$71,028
Median Household Income
$44,732
Median Earnings
$1,228
Median Rent
$215,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial suites and two apartments are arranged across the main and second floors.
Where is this mixed-use property located?
The property is located at 21 S US Highway 12 Fox Lake, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two commercial suites and two apartments in a four‑unit building; Three units leased; upstairs two‑bedroom apartment is vacant; Barber has occupied one commercial suite for 4 years and would like to stay
More about this property
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