1388 Us Hwy Fox Lake, IL 60020
- Retail properties
- 8,000 SF
- 1.03 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1388 Us Hwy
- Year built
- 2004
- Lot size
- 1.03 lot acres
- Property size
- 8,000 SF
- Property type
- Retail properties
Description
This exceptional 8,000-square-foot retail center in Fox Lake, Illinois, presents a compelling investment opportunity. Located on a high-traffic section of US Highway 12, this property boasts 100% occupancy with a strong Net Operating Income (NOI) exceeding $210,000. The center features a desirable mix of tenants, including Subway, DDS Dental, Cost Cutters, T-Mobile, and Pizza Hut, with lease terms providing long-term stability. Built in 2004, the well-maintained building sits on a 1.03-acre lot with 60 parking spaces and benefits from excellent visibility due to its 241-square-foot frontage on US Highway 12. The property's prime location in Fox Lake, a popular tourist destination, ensures consistent high traffic volume, estimated at over 23,000 vehicles daily. The asking price is $3,950,000, representing a 5.32% capitalization rate. Detailed financial information, including rent rolls and income/expense statements, is available upon request. The property is zoned Outlot 2, B-3 Village of Fox Lake, and all leases are NNN (Triple Net). The weighted average lease term is 5.3 years.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fox Lake
- County
- Lake
- State
- Illinois
- Longitude
- -88.1809
- Latitude
- 42.3992
