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Mixed-Use Restaurant and Bar
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211 W Grass Lake Rd, Lake Villa, IL 60046

A recently remodeled apartment above the restaurant offers additional occupancy or rental use.

Property Size16,988 SF
Days on Market13

Property Features for 211 W Grass Lake Rd

General Information

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

Additional Details

Business Included Yes
Patio Yes
Multifamily Units 1

Amenities

Video Gaming
pool table
darts
Multiple ATM's
touch tunes
Listing Agency: Real Broker, LLC
Listed By: Jeffrey Padesky · License #475177974
Source: Realtopiare
Added: Aug 19 Changed: Aug 30 Last Checked: Aug 30 at 7:39PM

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 a restaurant and bar with an apartment located on the upper level. The apartment has been recently remodeled and can support residential occupancy or rental use. The restaurant includes a full kitchen serving lunch and dinner, along with a large bar and customer entertainment features including video gaming, a pool table, darts, ATMs, and TouchTunes.

Exterior amenities include a large patio and on-site parking. The basement provides utility and storage space and includes an updated keg cooler room serving the upper-level taps. A new well and pump have also been installed, and the property includes substantial recent improvements. The address is 211 W Grass Lake Rd in Lake Villa, Illinois.

Key Highlights

  • Mixed‑use property with restaurant, bar, and upstairs apartment
  • Recently remodeled apartment above the business
  • Full kitchen with lunch and dinner service

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.

Lease Details

1
Residential units
Turnkey business
Opportunity

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 - A recently remodeled apartment above the restaurant offers additional occupancy or rental use.
Where is this mixed-use property located?
The property is located at 211 W Grass Lake Rd Lake Villa, IL.
What are key features of this property?
This property features: Mixed‑use property with restaurant, bar, and upstairs apartment; Recently remodeled apartment above the business; Full kitchen with lunch and dinner service
More about this property
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