129 Us-12 Fox Lake, IL 60020
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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