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Lake Villa, IL

Mixed-Use

Lake Villa, IL Mixed-use Properties for Sale

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Lindenhurst, IL Round Lake Beach, IL Third Lake, IL Grayslake, IL Antioch, IL Ingleside, IL Old Mill Creek, IL Volo, IL

Cedar View Plaza Office Building

Updated: Nov 15, 2025

Cedar View Plaza Office Building

95 W Grand Avenue, Lake Villa, IL 60046

$779,000

15,280 sqft 1.13 AC lot

Prime location: Walkable to downtown Lake Villa restaurants, bars, and METRA station.
Flexible office space: Suitable for professional/service businesses, originally designed for medical offices.
Substantial building size: 14,000 sq ft office building plus a 1,280 sq ft warehouse/garage.
Income potential: Long‑term tenants in place (Air Technicians, Brooks Allen, Business to Business).
Recent upgrades: Newer GacoFlex roof coating and 4 newer rooftop HVAC units.

Mixed-Use Restaurant and Bar

Updated: Aug 19

Mixed-Use Restaurant and Bar

211 W Grass Lake Rd, Lake Villa, IL 60046

Contact for pricing

16,988 sqft

Mixed‑use property with restaurant, bar, and upstairs apartment
Recently remodeled apartment above the business
Full kitchen with lunch and dinner service
Large bar with video gaming, pool table, darts, ATMs, and TouchTunes
Large patio and on‑site parking

See what stands out in Lake County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 2 Active listings in Lake Villa, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 18 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Building with Apartment

Mixed-Use Building with Apartment

33125 N Us Highway 45, Grayslake, IL 60030

$495,900

5,066 sqft

Main-level commercial suites are paired with an upper-level residential unit and on-site parking.

Mixed-Use Property with Bar

Mixed-Use Property with Bar

35480 N Fairfield Road, Round Lake, IL 60073

$699,999

0.36 AC lot

Includes a bar, video gaming, pool tables, and a separate apartment with rental income.

Bar With Two-Bedroom Apartment

Bar With Two-Bedroom Apartment

35480 N Fairfield Road, Round Lake, IL 60073

$699,000

Equipped commercial bar with pool tables, video gaming, walk-in refrigeration, and an apartment.

Mixed-Use Building with Apartment

Mixed-Use Building with Apartment

33125 N US Highway 45, Grayslake, IL 60030

$495,900

0.29 AC lot

Brick commercial property combines multiple main-level storefronts with an upper-level apartment and on-site customer parking.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Road Frontage

Commercial Land with Road Frontage

770 Anita Avenue lot: 5,6, Antioch, IL 60002

$209,900

1.98 AC lot

Commercial parcel positioned beside an industrial park and an area transitioning toward multifamily housing.

Corner Commercial Land

Corner Commercial Land

21 Hillside Drive, Fox Lake, IL 60020

$299,900

2.10 AC lot

Level commercial land with existing curb cuts and water and sewer available to the site.

Commercial Land Near Outdoor Theatre

Commercial Land Near Outdoor Theatre

1718 W Lincoln Road, Lakemoor, IL 60051

$125,000

2.27 AC lot

Vacant commercial parcel opposite McHenry Outdoor Theatre with proximity to Route 120 and McHenry Middle School.

Prime Downtown Libertyville Lot

Prime Downtown Libertyville Lot

121 W Church St Unit 2, Libertyville, IL 60048

$1,500,000

4,500 sqft

Rare opportunity to own a lot in downtown Libertyville.

Off-Market Properties in Lake Villa, IL

Consider similar Off-Market properties in Lake Villa, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

36851 Fairfield Rd

OFFICE/RESIDENTIAL (MIXED USE)

36851 Fairfield Rd, Lake Villa, IL 60046-8708

$280,000

Estimated value

1,008 sqft 1.34 AC lot

23343 Wall St

MIXED USE (COMMERCIAL/INDUSTRIAL)

23343 Wall St, Lake Villa, IL 60046-8101

$410,000

Estimated value

15,000 sqft 2.64 AC lot

24745 Monaville Rd

OFFICE/RESIDENTIAL (MIXED USE)

24745 Monaville Rd, Lake Villa, IL 60046-7399

$455,000

Estimated value

1,684 sqft 29.50 AC lot

19326 Grand Ave

OFFICE/RESIDENTIAL (MIXED USE)

19326 Grand Ave, Lake Villa, IL 60046-7519

$395,000

Estimated value

2,512 sqft 2.74 AC lot

36701 Il Rte 83

OFFICE/RESIDENTIAL (MIXED USE)

36701 Il Rte 83, Lake Villa, IL 60046-5229

$285,000

Estimated value

2,412 sqft 0.63 AC lot

37646 Lk Shr Dr

OFFICE/RESIDENTIAL (MIXED USE)

37646 Lk Shr Dr, Lake Villa, IL 60046

$490,000

Estimated value

4,099 sqft 0.54 AC lot

36089 Us Hwy 45

OFFICE/RESIDENTIAL (MIXED USE)

36089 Us Hwy 45, Lake Villa, IL 60046-7466

$270,000

Estimated value

860 sqft 0.25 AC lot

36047 Us Hwy 45

OFFICE/RESIDENTIAL (MIXED USE)

36047 Us Hwy 45, Lake Villa, IL 60046-7466

$260,000

Estimated value

1,656 sqft 0.43 AC lot

18960 Grand Ave

OFFICE/RESIDENTIAL (MIXED USE)

18960 Grand Ave, Lake Villa, IL 60046-8429

$255,000

Estimated value

1,556 sqft 1.89 AC lot

37496 Il Rte 59

OFFICE/RESIDENTIAL (MIXED USE)

37496 Il Rte 59, Lake Villa, IL 60046

$50,000

Estimated value

320 sqft 0.14 AC lot

18959 Grand Ave

OFFICE/RESIDENTIAL (MIXED USE)

18959 Grand Ave, Lake Villa, IL 60046-5902

$210,000

Estimated value

970 sqft 1.10 AC lot

36951 Fairfield Rd

OFFICE/RESIDENTIAL (MIXED USE)

36951 Fairfield Rd, Lake Villa, IL 60046-6406

$270,000

Estimated value

629 sqft 1.08 AC lot

39532 Il Rte 59

OFFICE/RESIDENTIAL (MIXED USE)

39532 Il Rte 59, Lake Villa, IL 60046-9632

$280,000

Estimated value

1,009 sqft 0.52 AC lot

500 Park Ave Ste, Unit 201

MIXED USE (COMMERCIAL/INDUSTRIAL)

500 Park Ave Ste, Lake Villa, IL 60046-6557

Unit 201

$355,000

Estimated value

19,405 sqft

215 Milwaukee Ave

OFFICE/RESIDENTIAL (MIXED USE)

215 Milwaukee Ave, Lake Villa, IL 60046-8551

$285,000

Estimated value

1,275 sqft 0.54 AC lot

38470 Columbia Bay Rd

OFFICE/RESIDENTIAL (MIXED USE)

38470 Columbia Bay Rd, Lake Villa, IL 60046-9750

$380,000

Estimated value

4,040 sqft 0.60 AC lot

38622 Edgewood St

OFFICE/RESIDENTIAL (MIXED USE)

38622 Edgewood St, Lake Villa, IL 60046

$190,000

Estimated value

1,040 sqft 0.14 AC lot

38610 Edgewood St

OFFICE/RESIDENTIAL (MIXED USE)

38610 Edgewood St, Lake Villa, IL 60046-9567

$280,000

Estimated value

1,332 sqft 1.34 AC lot

Lake Villa, IL Mixed-Use Properties Market Trends and Statistics

Explore 20 mixed-use properties for sale in Lake Villa, IL on our real estate platform. These investment opportunities span a total of 32,268 square feet of properties for sale, with an estimated market value of $779,000.

Sale prices for multi use buildings in Lake Villa, IL average $779,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 35K

Population Growth (5Y) -1.6%

Median Household Income $122,376

College Educated 57.2%

High-Yield Neighborhoods for Investment

Identify Lake Villa submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60046	$779K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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