2 Grand AveFox Lake, IL 60020

  • Commercial real estate
  • 0.90 AC
For Lease
$14/SF/YR View listing

Property Details for 2 Grand Ave

Lot size
0.90 AC
Property type
Commercial real estate
APN
05-09-212-020
APU
509212020

Description

This exceptional 900-square-foot retail space is located at 2 W Grand Ave, Fox Lake, IL 60020, within the Fox Lake Commons shopping center. Situated at the signalized intersection of Grand Avenue and Route 12, this end unit offers premium visibility and accessibility. The property boasts ample lighted parking and prominent monument signage, ensuring high visibility for your business. Benefit from significant traffic counts, with 10,250 vehicles per day on Grand Avenue and 21,500 vehicles per day on Route 12. The space itself (Unit 101) features an open retail area in the front, complemented by a rear office, storage, and bathroom. The building, constructed in 1986, offers a total of 19,829 square feet and 50 parking spaces. The property is zoned B3 and has an APN of 05-09-212-020. Electricity is provided by 110 and 200-volt power sources. This thriving retail center is home to a diverse range of established businesses, including Key West Construction & Adjusters, West Marine, One Main Financial, Rosati's, Carlo's Mexican Grill, Blizz Nails, Hussle Barber Shop, and Cloudy Lake Vape & Smoke, creating a strong synergy and customer base. This is a fantastic opportunity to establish or expand your business in a high-traffic, well-established retail location. The total building size is 19,829 square feet, with 900 square feet currently vacant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,059,248
    Hospitality
    $7,382,228
    Educational
    $6,141,928
    Medical
    $6,353,158
    Retail
    $9,554,109

Location Insight

City
Fox Lake
County
Lake
State
Illinois
Latitude
42.3972
Longitude
-88.1844
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,596
$160,936
$425,024
$585,960
-
$482,856
$1,275,200
$1,758,056

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