Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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