Mixed-Use Property with Restaurant and
New
For Sale
$700,000
211 W Grass Lake Road, Lake Villa, IL 60046
Business Opportunity, Lake Villa, IL
Property SizeContact for details
Lot Size0.39 Acres
Days on Market5
Property Features for 211 W Grass Lake Road
General Information
Property type
Commercial Sale
Property subtype
Other
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
APN
02204000500000
Lot size
0.39 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7862
Utilities
Cooling system
Central Air
Amenities
apartment above
video gaming
pool table
darts
multiple ATMs
touch tunes
basement storage
Building Details
Floors in Building
2
Listing Agency:
Real Broker, LLC
(217) 960-8605
Listed By:
Jeffrey Padesky · License #475177974
(630) 439-6385
Added: Nov 2
Last Checked: Nov 6 at 2:06PM
MLS# 12784883
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.
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Investment Insights
Based on property information with market context.
This 0.39-acre mixed-use property combines a restaurant and bar with an upstairs apartment that has been recently remodeled. The commercial space includes a full kitchen for lunch and dinner service, a large bar, and a patio. Video gaming, a pool table, darts, multiple ATMs, and TouchTunes are also on site. Central air serves the property.
The apartment can be used as a residence or offered for rent. A basement provides utility and storage space and includes a newer keg-cooling room serving the bar taps. The property also has a recently installed well and pump, along with parking.
The apartment can be used as a residence or offered for rent. A basement provides utility and storage space and includes a newer keg-cooling room serving the bar taps. The property also has a recently installed well and pump, along with parking.
Key Highlights
- Restaurant and bar with full kitchen, large bar, and patio
- Recently remodeled apartment above the business
- 0.39‑acre property with on‑site parking
Property Analytics
Who owns this building?
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
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
$282,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Lake County, IL
Properties on Market for Mixed-use properties in Lake County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and bar space is paired with an updated upstairs apartment and outdoor patio.
Where is this mixed-use property located?
The property is located at 211 W Grass Lake Road Lake Villa, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Restaurant and bar with full kitchen, large bar, and patio; Recently remodeled apartment above the business; 0.39‑acre property with on‑site parking
