For Sale
$650,000

78 Grand Ave Fox Lake, IL 60020

Established Restaurant w/ Multiple Revenue Streams

Overview

Added:
Dec 11, 2024
Days on market:
134
This thriving Fox Lake restaurant presents a unique investment opportunity, priced at $650,000. Boasting 7,880 square feet on a 0.51-acre lot, this single-story establishment is zoned D and features a substantial 24-space parking area. Located in the heart of downtown Fox Lake, the property includes a large patio dining space, one of the largest in the area. Recent upgrades include a new rolled rubber roof on the pool hall (installed 3 years ago), new siding (2022), a new tankless water heater (3 years old), renovated bathrooms (4 years old), and a new patio (3 years old). The kitchen has also been modernized with a new prep cooler, ice machine, and two new freezers. The interior layout includes two bars – one in the pool hall and another in the dining area – along with a dedicated gaming area. This turnkey operation holds a full-service food license, liquor license, gaming license, and packaged liquor license, generating income from video gaming, food and liquor sales (both on-premise and packaged), an ATM, and pool tables (all included). All trade fixtures are included in the sale. Please note that the business is currently operational; confidential information requires that employees not be contacted. Multiple pin numbers exist.

Highlights

  • $650,000 asking price for this 7,880 SF retail restaurant.
  • Located in Fox Lake, IL, at 78 E Grand Ave, on a 0.51-acre lot.
  • Features 24 parking spaces and is zoned D.
  • Includes a large patio, updated kitchen equipment, and recently renovated bathrooms, roof, siding, and water heater.
  • Offers multiple revenue streams: food and liquor sales, video gaming, and packaged liquor sales.

Property Details for 78 Grand Ave

Property type
Retail properties, Restaurants
Square Feet
7,880 SF
Stories
1
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Fox Lake
County
Lake
State
Illinois
Latitude
42.3971208
Longitude
-88.1762444

FAQs

What type of property is this?
Retail property - Established Restaurant w/ Multiple Revenue Streams
Where is the retail property located?
The property is located at 78 Grand Ave Fox Lake, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: $650,000 asking price for this 7,880 SF retail restaurant.; Located in Fox Lake, IL, at 78 E Grand Ave, on a 0.51-acre lot.; Features 24 parking spaces and is zoned D.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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78 Grand Ave
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