211 West Grass Lake Road

Lake Villa, IL 60046

$850,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Opportunity to own and operate a business with Mutiple income sources. Property is restaurant/Bar and so much more. There is an apartment above the business that has been recently remolded and could be rented out for additional income or to live in while you run the business. There is a full kitchen with lunch and dining services. Breakfast should be added to increase income. A large bar that is very popular in the area. Video Gaming, pool table, darts, Multiple ATM's and touch tunes. This location...Opportunity to own and operate a business with Mutiple income sources. Property is restaurant/Bar and so much more. There is an apartment above the business that has been recently remolded and could be rented out for additional income or to live in while you run the business. There is a full kitchen with lunch and dining services. Breakfast should be added to increase income. A large bar that is very popular in the area. Video Gaming, pool table, darts, Multiple ATM's and touch tunes. This location has a large patio and plenty of parking. Basement is used for utilities/storage and has been updated with a new keg cooler room for the upstairs taps. New well and pump just added Hundreds of thousands in recent updates. The property can be sold many ways. Just business or just real estate. Just Real Estate- $580,000. Just the business- $269,000 Everything together business and real estate. Fun investment or job opportunity each out to Jeff the LA for showings and questions.
  1. Listed by Jeffrey Padesky • Real Broker, LLC

Property Details for 211 West Grass Lake Road

Area
Lake Villa / Lindenhurst
Num of Interior Fireplaces
0
LISTING UPDATED: 11/12/2024 12:07 AM

Property Details for 211 West Grass Lake Road

StatusActive
MLS #12183698
Days on Market79
Taxes$6,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1963
Lot Size0.39 AC / 16,988 SF
CountyLake County

Building Information for 211 West Grass Lake Road

Stories2Residences2Year Built1963Lot Size0.39 AC / 16,988 SF

Property Information for 211 West Grass Lake Road

General Information
Location and General Information
  • Geographic Locale: Northwest Suburban,North Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Heat/Ventilation: Gas
  • # Of Window/Ac: 0
  • # Of Refrigerators: 2
  • # Of Dryers: 1
  • # Of Dishwashers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 100X100
  • Lot Size Square Feet: 16988.0
  • Stories: 2
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Sprinklers-Wet
  • # Of Offices: 0
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 31
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $200.00
  • Gross Income: $36,000.00
  • Gross Scheduled Income: $377,000.00
  • Insurance Expense: $9,000.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 31417
  • Water Expense Source: Owner Projection
  • Other Expense: $320.00
  • Trash Expense: $120.00
  • Water Sewer Expense: $.00

Property History for 211 West Grass Lake Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 211 West Grass Lake Road

Taxable ValueLand$11,567Additions$62,224Total$73,791
Tax Record2023$7,181 ($598 / month)
Home Facts
Total Finished SqFt4,596 SqFtAbove Grade Finished SqFt4,596 SqFtLot Size16,988 SqFtStyleRestaurantYear Built1963Year Renovated1972CountyLAKEAPN02-20-400-050

Schools near 211 West Grass Lake Road

This home is within Chsd 117 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 2 to 5
Rating
School
Distance
Oakland Elementary School
PublicK to 5

Antioch Upper Grade School
Public6 to 8

Antioch Community High School
Public9 to 12

Antioch Elementary School
Public2 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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211 West Grass Lake Road is a mixed use property for sale in Lake Villa, IL 60046. This property was listed for sale on October 15, 2024 by Real Broker, LLC, it's currently listed at $850,000. It has been on the market for a total of 79 days and was last sold on September 1, 2005. This listing's school districts are Chsd 117 School District, Antioch Central Consolidated School District 34. Nearby schools include Oakland Elementary School, Antioch Upper Grade School and Antioch Community High School. 211 West Grass Lake Road is a 0-bed, 0-bath, mixed use property built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/12/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.