For Sale
$550,000

88 Grand Ave Fox Lake, IL 60020

7,100 SF Restaurant, Fully Equipped

Overview

Added:
Dec 11, 2024
Days on market:
133
Prime Fox Lake location awaits a new culinary concept. This 7,100 square foot, vacant, freestanding restaurant is available for $550,000 ($77.46/SF). Located at 88 E Grand Ave, in the heart of downtown Fox Lake, Illinois (zip code 60020), this property boasts excellent visibility with pylon signage and over 9,000 vehicles passing daily. Built in 1958, the building sits on a 0.74-acre lot and is zoned D. The space is completely turnkey, including all furniture, fixtures, and equipment (FFE). Features include large dining rooms, a full-service bar, and a fully equipped kitchen with walk-in coolers and freezers, stainless steel prep areas, a 25-foot full-service hood, grills, fryers, and more. New HVAC units were installed in 2023. This is an exceptional opportunity to acquire a fully operational restaurant in a thriving downtown area. The property is vacant and ready for immediate occupancy.

Highlights

  • 7,100 SF freestanding restaurant building.
  • Includes all furniture, fixtures, and equipment (FF&E).
  • Turnkey opportunity for a new restaurant concept.
  • Prominent pylon signage.
  • High-traffic location on Grand Ave with 9,033 vehicles per day (VPD).
  • Ideally situated in the heart of Fox Lake.

Property Details for 88 Grand Ave

Property type
Retail properties, Restaurants
Square Feet
7,100 SF
Year Built
1958
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Fox Lake
County
Lake
State
Illinois
Latitude
42.3969575
Longitude
-88.1755698

FAQs

What type of property is this?
Retail property - 7,100 SF Restaurant, Fully Equipped
Where is the retail property located?
The property is located at 88 Grand Ave Fox Lake, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 7,100 SF freestanding restaurant building.; Includes all furniture, fixtures, and equipment (FF&E).; Turnkey opportunity for a new restaurant concept.
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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88 Grand Ave
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