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Mixed-Use Property with Restaurant
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211 W Grass Lake Road, Lake Villa, IL 60046

Includes a remodeled upper-level apartment, commercial kitchen, bar area, patio, parking, and basement storage.

Property Size16,988 SF
Days on Market10

Property Features for 211 W Grass Lake Road

General Information

Standard status Active
Size 16,988 SF
Property subtype Business Opportunity
Zoning COMMR

Taxes and HOA fees

Annual Taxes $6,500

Building Details

Building Size 16,988 SF
Stories 2
Listing Agency: Real Broker, LLC
Listed By: Jeffrey Padesky · License #475177974
Source: Birdrealtysells
Added: Aug 12 Changed: Aug 20 Last Checked: Aug 20 at 9:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC

Investment Insights

Based on property information with market context.

This mixed-use property combines an operating restaurant and bar with an apartment positioned above the commercial space. The upper-level apartment has been recently remodeled and may serve as living space or be rented separately. The business includes a full kitchen supporting lunch and dining service, along with a substantial bar area and recreational features including video gaming, a pool table, darts, multiple ATMs, and TouchTunes. A large patio and ample parking add to the customer-facing layout.

The basement provides utility and storage space and includes an updated keg cooler room serving the taps upstairs. A new well and pump have also been installed. The property is located at 211 W Grass Lake Road in Lake Villa, Illinois, and carries COMMR zoning.

Key Highlights

  • Mixed‑use property with restaurant, bar, and upper‑level apartment
  • Recently remodeled apartment above the commercial space
  • Full kitchen, dining service, and large bar area

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.

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
24k
Monthly Visits Nearby

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?
Mixed-use property - Includes a remodeled upper-level apartment, commercial kitchen, bar area, patio, parking, and basement storage.
Where is this mixed-use property located?
The property is located at 211 W Grass Lake Road Lake Villa, IL.
What are key features of this property?
This property features: Mixed‑use property with restaurant, bar, and upper‑level apartment; Recently remodeled apartment above the commercial space; Full kitchen, dining service, and large bar area
More about this property
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