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    Lake Villa, IL
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    Lake Villa, IL Mixed-use Properties for Sale

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    Cedar View Plaza Office Building
    Updated: Jan 19, 2023
    Cedar View Plaza Office Building

    95 W Grand Ave, Lake Villa, IL 60046

    $779,000
    15,300 sqft 1.00 AC lot
    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.
    Climate controlled building with newer rooftop HVAC units and a newer GacoFlex roof coating.
    Ample parking available.
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    This listing looks promising.

    Here's a quick look at some key insights for

    95 W Grand Ave, Lake Villa, IL 60046

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $66K
      Annual

    • Price @ 7% Cap

      $941K
      Above asking

    • Property Type

      Auto Repair, Garage
      Built 1979
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    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.
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    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 Retail
    Mixed-Use Building with Retail

    2614 Grand Avenue, Waukegan, IL 60085

    $599,000
    4,000 sqft 0.50 AC lot

    Mixed-use building on a half-acre lot with a ground-floor commercial unit and two residential units above.

    View details
    Mixed-Use Property in Kenosha, WI
    Mixed-Use Property in Kenosha, WI

    6103 23rd Ave, Kenosha, WI 53143

    $495,000
    1,976 sqft 0.16 AC lot

    Mixed-use property with salon and apartment plus adjacent lot.

    View details
    Restored Victorian Building in Waukegan
    Restored Victorian Building in Waukegan

    132 N West St, Waukegan, IL 60085

    $239,000
    2,064 sqft

    Restored Victorian building suitable for office or live/work space.

    View details
    Mixed-Use Properties Package For Sale
    Mixed-Use Properties Package For Sale

    6017 22nd Ave, Kenosha, WI 53143

    $550,000
    6,779 sqft 0.18 AC lot

    Two adjacent properties: commercial building and duplex, sold as package.

    View details

    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 in Antioch, Illinois
    Commercial Land in Antioch, Illinois

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

    $209,900
    1.98 AC lot

    Commercial property suitable for multi-unit housing development.

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    Commercial Land in Fox Lake
    Commercial Land in Fox Lake

    21 Hillside Drive, Fox Lake, IL 60020

    $299,900
    2.10 AC lot

    2 acre commercial land with utilities and road frontage.

    View details
    Lakemoor Commercial Land Opportunity
    Lakemoor Commercial Land Opportunity

    1718 W Lincoln Road, Lakemoor, IL 60051

    $125,000
    2.27 AC lot

    2.27-acre commercial lot in Lakemoor, Illinois, zoned C-1 PUD.

    View details
    Prime Downtown Libertyville Lot
    Prime Downtown Libertyville Lot

    121 West Church Street, Libertyville, IL 60048

    Contact for pricing

    Rare opportunity to own a lot in downtown Libertyville.

    View details

    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

    Value Estimation by Request
    1,008 sqft 1.34 AC lot
    View details
    23343 Wall St
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    23343 Wall St, Lake Villa, IL 60046-8101

    $1,200,000
    Estimated value
    15,000 sqft 2.64 AC lot
    View details
    24745 Monaville Rd
    OFFICE/RESIDENTIAL (MIXED USE)

    24745 Monaville Rd, Lake Villa, IL 60046-7399

    Value Estimation by Request
    1,684 sqft 29.50 AC lot
    View details
    19326 Grand Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    19326 Grand Ave, Lake Villa, IL 60046-7519

    Value Estimation by Request
    2,512 sqft 2.74 AC lot
    View details
    36701 Il Rte 83
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Value Estimation by Request
    2,412 sqft 0.63 AC lot
    View details
    37646 Lk Shr Dr
    OFFICE/RESIDENTIAL (MIXED USE)

    37646 Lk Shr Dr, Lake Villa, IL 60046

    Value Estimation by Request
    4,099 sqft 0.54 AC lot
    View details
    36089 Us Hwy 45
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Value Estimation by Request
    860 sqft 0.25 AC lot
    View details
    36047 Us Hwy 45
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Value Estimation by Request
    1,656 sqft 0.43 AC lot
    View details
    18960 Grand Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    18960 Grand Ave, Lake Villa, IL 60046-8429

    Value Estimation by Request
    1,556 sqft 1.89 AC lot
    View details
    37496 Il Rte 59
    OFFICE/RESIDENTIAL (MIXED USE)

    37496 Il Rte 59, Lake Villa, IL 60046

    Value Estimation by Request
    320 sqft 0.14 AC lot
    View details
    18959 Grand Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    18959 Grand Ave, Lake Villa, IL 60046-5902

    Value Estimation by Request
    970 sqft 1.10 AC lot
    View details
    36951 Fairfield Rd
    OFFICE/RESIDENTIAL (MIXED USE)

    36951 Fairfield Rd, Lake Villa, IL 60046-6406

    Value Estimation by Request
    629 sqft 1.08 AC lot
    View details
    39532 Il Rte 59
    OFFICE/RESIDENTIAL (MIXED USE)

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

    Value Estimation by Request
    1,009 sqft 0.52 AC lot
    View details
    500 Park Ave Ste, Unit 201
    MIXED USE (COMMERCIAL/INDUSTRIAL)

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

    Unit 201
    $1,510,000
    Estimated value
    19,405 sqft
    View details
    215 Milwaukee Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    215 Milwaukee Ave, Lake Villa, IL 60046-8551

    Value Estimation by Request
    1,275 sqft 0.54 AC lot
    View details
    38470 Columbia Bay Rd
    OFFICE/RESIDENTIAL (MIXED USE)

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

    $585,000
    Estimated value
    4,040 sqft 0.60 AC lot
    View details
    38622 Edgewood St
    OFFICE/RESIDENTIAL (MIXED USE)

    38622 Edgewood St, Lake Villa, IL 60046

    Value Estimation by Request
    1,040 sqft 0.14 AC lot
    View details
    38610 Edgewood St
    OFFICE/RESIDENTIAL (MIXED USE)

    38610 Edgewood St, Lake Villa, IL 60046-9567

    Value Estimation by Request
    1,332 sqft 1.34 AC lot
    View details

    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 30,580 square feet of properties for sale, with an estimated market value of $1,558,000.

    Sale prices for multi use buildings in Lake Villa, IL start at $779,000, averaging $779,000, and reaching up to $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 $633.2K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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