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Bar Property with Apartment
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211 W Grass Lake Road, Lake Villa, IL 60046

Commercial property includes a remodeled upper-level apartment, full kitchen, patio, and on-site parking.

Property Size16,988 SF
Days on Market8

Property Features for 211 W Grass Lake Road

General Information

Standard status Active
Size 16,988 SF
Property subtype Retail, Business for Sale
Zoning COMMR

Additional Details

Business Included Yes
Patio Yes
Multifamily Units 193

Amenities

Video Gaming
pool table
darts
Multiple ATM's
touch tunes

Building Details

Stories 2
Listing Agency: JP GROUP at REAL BROKER LLC
Listed By: Jeffrey Padesky · License #475177974
Source: Crexi
Added: Aug 12 Changed: Aug 18 Last Checked: Aug 18 at 5:09PM

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 JP GROUP at REAL BROKER LLC

Investment Insights

Based on property information with market context.

This 16,988 SF commercial property combines a bar and restaurant operation with an apartment located above the business. The recently remodeled apartment provides additional interior space, while the main level includes a full kitchen supporting lunch and dining service. A large bar, patio, pool table, darts, video gaming, multiple ATMs, and TouchTunes are also in place. The basement is configured for utilities and storage and includes an updated keg cooler room serving the upstairs taps.

The property is at 211 W Grass Lake Road in Lake Villa, Illinois, with plenty of parking. It is zoned COMMR and includes a new well and pump. The site can support both business operations and residential occupancy within the existing configuration.

Key Highlights

  • 16,988 SF commercial property with bar, restaurant, and apartment above
  • Recently remodeled apartment over the business
  • Full kitchen with lunch and dining 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

193
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use

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?
Bar & Pub - Commercial property includes a remodeled upper-level apartment, full kitchen, patio, and on-site parking.
Where is this bar & pub located?
The property is located at 211 W Grass Lake Road Lake Villa, IL.
What are key features of this property?
This property features: 16,988 SF commercial property with bar, restaurant, and apartment above; Recently remodeled apartment over the business; Full kitchen with lunch and dining service
More about this property
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