Mixed-Use Restaurant
New
For Sale
Contact for pricing
211 W Grass Lake Road, Lake Villa, IL 60046
COMMERCIAL - Lake Villa, IL
Property SizeContact for details
Days on Market2
Property Features for 211 W Grass Lake Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Rt. 83 South of Grass Lake Rd. to property on East Side of 83 next to train tracks
Subdivision
Lake Villa / Lindenhurst
Standard status
Active
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
6500
Utilities
Cooling system
Central Air
Building Details
Floors in Building
2
Listing Agency:
Real Broker, LLC
(217) 960-8605
Listed By:
Jeffrey Padesky · License #475177974
(630) 439-6385
Added: Aug 12
Last Checked: Aug 13 at 3:06PM
MLS# 12721098
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 mixed-use property combines an operating restaurant and bar with a recently remodeled apartment on the upper level. The commercial space includes a full kitchen serving lunch and dining functions, a large bar, video gaming, a pool table, darts, multiple ATMs, and TouchTunes. A substantial patio and on-site parking support the business layout. The basement provides utility and storage space, including a newer keg cooler room serving the upstairs taps.
Recent property work includes a new well and pump, along with other updates. Central air conditioning is installed, and the property is zoned COMMR. Located at 211 W Grass Lake Road in Lake Villa, Illinois, the upstairs apartment can provide separate residential use or on-site living associated with the business.
Recent property work includes a new well and pump, along with other updates. Central air conditioning is installed, and the property is zoned COMMR. Located at 211 W Grass Lake Road in Lake Villa, Illinois, the upstairs apartment can provide separate residential use or on-site living associated with the business.
Key Highlights
- Mixed‑use configuration with restaurant and bar plus a recently remodeled upstairs apartment
- Full kitchen with lunch and dining service areas
- Large bar with video gaming, pool table, darts, multiple ATMs, and TouchTunes
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and bar operation with an upstairs apartment, patio, parking, and updated support areas.
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 configuration with restaurant and bar plus a recently remodeled upstairs apartment; Full kitchen with lunch and dining service areas; Large bar with video gaming, pool table, darts, multiple ATMs, and TouchTunes
