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Mixed-Use Property with Bar

35480 N Fairfield Road, Round Lake, IL 60073

For Sale
$599,500

Business Opportunity, Round Lake, IL

Property SizeContact for details
Lot Size0.36 Acres
Days on Market96

Property Features for 35480 N Fairfield Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions SW corner of Fairfield Rd & Lake Shore Dr. South of Rollins.
Subdivision Round Lake Beach / Round Lake / Round Lake Heights / Round Lake Park
Standard status Active
APN 06184010110000
Lot size 0.36 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 61840599

Utilities

Cooling system Central Air

Building Details

Floors in Building 2
Listing Agency: RE/MAX Plaza · RE/MAX International
Listed By: Prentiss Grant · License #87511-94
Added: Aug 6 Changed: Oct 5 Last Checked: Nov 9 at 5:06AM
MLS# 12726538

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.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property combines an operating bar with a separate 2-bedroom apartment. The bar area includes pool tables, video gaming, walk-in refrigeration, and the fixtures needed for its current setup. Central air serves the property, and parking is available on site.

Positioned on a busy corner in Round Lake, the property has a 0.3589-acre lot and is identified as COMMR zoning. The apartment provides an additional income component, while the existing bar improvements support continued commercial use. Showings are available by confirmed appointment only, and customers and staff should not be approached during the process.

Key Highlights

  • Operating bar with pool tables and video gaming
  • Separate 2‑bedroom apartment with rental income
  • Walk‑in refrigeration and bar fixtures included

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Building Supply Law Firm HVAC Service Auto Parts 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

53
Businesses Nearby

Demographics for 60073, IL

61,721
Population
20,864
Households
3
Avg Household Size
34
Median Age
27%
College-Educated
81%
High-School Grad
18.5 sq mi
ZIP Area
3,336
Density / Sq Mi
$95,457
Median Household Income
$43,228
Median Earnings
$1,461
Median Rent
$215,200
Median Home Value
Check the figures for this property 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

$93.58 Jul
$131 Aug
$98.52 Sep
$74.92 Oct

Properties on Market for Mixed-use properties in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes a bar, video gaming, pool tables, and a separate apartment with rental income.
Where is this mixed-use property located?
The property is located at 35480 N Fairfield Road Round Lake, IL.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Operating bar with pool tables and video gaming; Separate 2‑bedroom apartment with rental income; Walk‑in refrigeration and bar fixtures included
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