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Financial
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Property profile

211 W Grass Lake Rd Lake Villa, IL 60046

FOR SALE
Bars & Pubs
Property ID
US28-0159066
4,596 SF 0.39 ac lot Built 1963
Last sale Sep 2005 · $350,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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211 W Grass Lake Rd, Lake Villa, IL 60046 For Sale
$305,000 4,596 SF
211 W Grass Lake Rd, Lake Villa, IL 60046
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Property summary

AI-generated overview

The property at 211 W Grass Lake Road in Lake Villa, Illinois is a mixed-use building with an operating restaurant and bar on the main level and a residential apartment above the commercial space. The upper-level apartment was recently remodeled and functions as living space or can be used as separately rentable residential unit(s). The commercial layout includes a full kitchen for lunch and dining service, a substantial bar area, and recreational and service amenities such as video gaming, a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$74k
Assessed land$12k
Assessed improvement$62k
Effective rate9.73%

Value estimate

· Oct 2026
$305k
$275k – $336k
AI approach$305k
NOI build-up
Gross scheduled income$306k
Vacancy & credit loss−$24k
Operating expenses−$105k
NOI · 5,860,866.67% cap applied$176k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$171/SF
County average, outlier-cleaned · 71 recorded sales of this use type
Observed band · Q1–Q3$80 – $325

Cap rate analysis

How does the asset earn?
5,860,866.67%
$176k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.9
Restaurant9.8
Law Firm9.7

Location

211 W Grass Lake Rd Lake Villa, IL 60046
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
129 Cedar, Lake Villa, IL 60046 $160,000 Jun 2025 3,264 SF
500 Grand, Lake Villa, IL 60046-7807 $722,500 May 2025 5,202 SF
985 Grand, Lake Villa, IL 60046-7814 $1,250,000 May 2025 4,028 SF
90 Cedar, Lake Villa, IL 60046-8452 $250,000 May 2022 6,153 SF
1440 Grand, Lindenhurst, IL 60046-7962 $425,000 Aug 2021 3,718 SF
216 Milwaukee, Lake Villa, IL 60046-3402 $811,400 Nov 2018 7,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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