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Lake Inn 89 E Grand Ave 2,500 SF Retail Building Fox Lake, IL 60020 $400,000 ($160/SF)
Investment Highlights
- Gaming!! 2025 - $72,000
- New Front Door, HVAC and Sewer piping
- New Kitchen Equipment
- Absentee Owner Operated
Executive Summary
Price includes Business and Property
New Front door
New HVAC units
New Kitchen Equipment
New Sewer piping
2025 Gaming Revenue $72,288
New Front door
New HVAC units
New Kitchen Equipment
New Sewer piping
2025 Gaming Revenue $72,288
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$15,967,500
|
$6,387.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,967,500
|
$6,387.00
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $15,967,500 |
| Annual Per SF | $6,387.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $15,967,500 |
| Annual Per SF | $6,387.00 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1950/2023
Price
$400,000
Price Per SF
$160
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.29 AC
Zoning
B2, Fox Lake
Parking
24 Spaces (9.6 Spaces per 1,000 SF Leased)
Frontage
100’ on E Grand
Amenities
- Pylon Sign
- Waterfront
- Air Conditioning
- Balcony
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-10-109-002 | Total Assessment | $84,318 (2025) |
| Land Assessment | $38,444 (2025) | Annual Taxes | $15,967,500 ($6,387.00/SF) |
| Improvements Assessment | $45,874 (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
05-10-109-002
Land Assessment
$38,444 (2025)
Improvements Assessment
$45,874 (2025)
Total Assessment
$84,318 (2025)
Annual Taxes
$15,967,500 ($6,387.00/SF)
Tax Year
2024 Payable 2025
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Contact the Sale Advisor
Lake Inn | 89 E Grand Ave