95 W Grand Ave, Lake Villa, IL 60046

1,280 SF 1.08 ac lot Built 1979

Entity Owned 5-yr Hold Absentee Owner Free & Clear

Property ID

US28-4740639

$779,000 1,280 SF

95 W Grand Ave, Lake Villa, IL 60046
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This exceptional two-story, 15,300 square foot Class B office building in Lake Villa, Illinois, presents a compelling investment opportunity. Located at 95 W. Grand Ave, this property boasts 18 units, currently 90% occupied with year-to-year lease agreements, offering immediate cash flow. The building, constructed in 1980, features a mix of executive, medical, and traditional office spaces ranging from 500 to 1,600 square feet, many with natural light and some offering views of Cedar Lake. Common area amenities include updated hallways, fresh carpeting, and tile bathrooms on both floors. The climate-controlled building is equipped with four rooftop HVAC units, two of which are newer, along with a recently recoated roof. Landlord responsibilities include heat, air conditioning, water, and sewer. The property includes 70 parking spaces and a 32x40 masonry garage with a fenced material yard situated on a 1.13-acre lot. Its convenient location offers tenants easy access to downtown Lake Villa's amenities and the Metra station. The asking price is $779,000, with a price per square foot of $50.92 and a land value of $15.81 per square foot. Financial details are available upon request and execution of a non-disclosure agreement. A 24-hour notice is required for showings. The property's zoning is CB. The APN is 06052020720000. Net rentable square footage is 12,000.