74 Grand Ave Fox Lake, IL 60020

This exceptional 4,550 sq ft executive office building, located at 74 E. Grand Ave in Fox Lake, IL (zip code 60020), presents a unique investment opportunity. Situated in the heart of downtown, across from a shopping center and near the commuter train, this Class B property boasts a stately brick and concrete exterior. Currently 75% occupied by a law firm and a state representative, the building offers significant potential for owner-users or investors. The property includes two lots totaling approximately half an acre, providing ample parking (30 spaces) and the possibility of future development. The existing building features a newer boiler and water heater. Appraised and replacement costs significantly exceed the asking price of $279,900 ($61.52/sq ft). Excellent D zoning allows for diverse uses, including retail, restaurant, bar, special uses, and residential units above the existing structure, with minimal setbacks. This is a rare chance to acquire a well-located property with substantial upside potential in a thriving community.