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Cedar View Plaza Office Building
For Sale
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95 W Grand Avenue, Lake Villa, IL 60046

Professional office building with warehouse, ample parking, and conversion potential.

Property Size15,302 SF
Lot Size1.00 Acre
Price / SF$0.00
Days on Market282

Property Features for 95 W Grand Avenue

General Information

Standard status Active
Size 15,302 SF
Lot size 1.00 Acre
Property subtype Commercial
Zoning COMMR

Taxes and HOA fees

Annual Taxes $18,260

Building Details

Building Size 15,302 SF
Year Built 1980
Stories 2
Units 18
Listing Agency: Robert E. Frank Real Estate
Listed By: Robert Frank · License #471012445
Source: Exit2newbeginningz
Added: Nov 14, 2025 Changed: Aug 23 Last Checked: Aug 22 at 10:34AM

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 Robert E. Frank Real Estate

Investment Insights

Based on property information with market context.

Cedar View Plaza Office Building, encompassing 14,000 square feet with an additional 1,280-square-foot warehouse, is available for sale. Constructed as a medical office, the brick and frame building has evolved to accommodate professional and service businesses. The building features offices with natural light from large windows, hallways with fresh paint and carpeting, and common area tile bathrooms on the first and second floors. Climate control is provided by four newer rooftop units for heat. A newer GacoFlex roof coating has been applied. Tenants are responsible for individual office electric, while the landlord covers heat, air conditioning, sewer, and water. The property includes a 32x40 garage with a fenced material yard on over one acre of land. The building is located within walking distance of downtown Lake Villa restaurants, bars, and the METRA station. Ample parking is available. The property may allow conversion of the second floor to apartments. Long-time tenants include Air Technicians, Brooks Allen, and Business to Business.

Key Highlights

  • Professional office building with flexible leasing options. Potential to convert the second floor to apartments (subject to Lake Villa approval).
  • Features a 32x40 garage with a fenced material yard on over one acre.
  • Convenient location within walking distance to downtown Lake Villa restaurants, bars, and the METRA station.

Property Analytics

Current Use

Office buildings

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.

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Professional office building with warehouse, ample parking, and conversion potential.
Where is this office building located?
The property is located at 95 W Grand Avenue Lake Villa, IL.
What are key features of this property?
This property features: Professional office building with flexible leasing options. Potential to convert the second floor to apartments (subject to Lake Villa approval).; Features a 32x40 garage with a fenced material yard on over one acre.; Convenient location within walking distance to downtown Lake Villa restaurants, bars, and the METRA station.
More about this property
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