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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

129 Us-12 Fox Lake, IL 60020

5,000 SF Built 1945
Property ID
Property summary
AI-generated overview

This exceptional 5,000-square-foot freestanding retail building is strategically located on Route 12 in Fox Lake, Illinois, directly across from Watt's Marina on the Chain-O-Lakes. The property boasts a high-traffic location, with approximately 25,000 cars passing daily. Currently vacant, this owner-user opportunity presents significant potential for various businesses. The building, constructed in 1945, features a spacious 3,700-square-foot first floor, ideal for retail showroom space, complemented by four overhead doors suitable for workshop or automotive uses. The second floor, previously a two-bedroom apartment, offers versatile space that could be converted into additional office space or integrated with the ground floor operations. A fully fenced rear yard provides ample parking for approximately 20 vehicles. The property sits on an 18,000-square-foot lot and is zoned B3. Its prime location is further enhanced by the construction of a new car dealership nearby, promising increased foot traffic and visibility. This Class C property presents a unique opportunity to establish a thriving business in a vibrant commercial area. The asking price is $400,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1945
Total area 5,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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