Property profile

88 Grand Ave Fox Lake, IL 60020

OFF-MARKET
Commercial real estate
Property ID
US28-2320246
0.74 ac lot
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

Prime Fox Lake location awaits a new culinary concept. This 7,100 square foot, vacant, freestanding restaurant is available for $550,000 ($77.46/SF). Located at 88 E Grand Ave, in the heart of downtown Fox Lake, Illinois (zip code 60020), this property boasts excellent visibility with pylon signage and over 9,000 vehicles passing daily. Built in 1958, the building sits on a 0.74-acre lot and is zoned D. The space is completely turnkey, including all furniture, fixtures, and equipment (FFE). Features include large dining rooms, a full-service bar, and a fully equipped kitchen with walk-in coolers and freezers, stainless steel prep areas, a 25-foot full-service hood, grills, fryers, and more. New HVAC units were installed in 2023. This is an exceptional opportunity to acquire a fully operational restaurant in a thriving downtown area. The property is vacant and ready for immediate occupancy.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.74 ac (32,234 SF)
APN 05-10-107-003
UPID US28-2320246

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

88 Grand Ave Fox Lake, IL 60020-1555
Fox Lake metro Census 860903 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2026
Last sale
$420,000
4 recorded transactions
2026
Price N/A
2024
Price N/A
2023
$420,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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