88 Grand Ave, Fox Lake, IL 60020-1555
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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