154 N US Highway 12 Highway
Fox Lake, IL, 60020 $ 349,900
Bedrooms-- Baths-- Sq 2,748 for $349,900. This 2,748 square foot property was built in 1927 on a lot size of 0.378306.
Rare mixed-use property located directly on high-traffic Route 12 in the heart of the Chain O' Lakes. This highly visible investment and business opportunity offers private pier access, strong daily traffic counts, and exceptional signage exposure, making it ideal for both local and seasonal traffic-all while featuring a spacious 3-bedroom, 1.5-bath second-floor residence. The main level showcases a large, remodeled commercial space, formerly the well-known Marine Grill, with excellent street presence and the potential for outdoor patio seating overlooking Pistakee Lake. Above the commercial space is a generously sized 3-bedroom, 1.5-bath apartment, perfect for an owner-operator, employee housing, or additional rental income. The property includes a private pier on Pistakee Lake, providing direct access to the Chain O' Lakes waterway system-a major draw for boating, dining, and recreational traffic. A dual pylon sign, shared with Bauske Boat Basin, offers outstanding visibility from Route 12, Nippersink Lake, and Pistakee Lake, maximizing brand exposure to both vehicle and boat traffic. Additional highlights include a 2-car garage, municipal water and sewer, and flexibility for a variety of potential uses. Permitted uses may include restaurant, professional office, boat or auto sales, bait and marine retail, or electronic gaming (with Village approval where required) . The property truly offers exceptional versatility and upside. A rare opportunity in the Chain O' Lakes area with built-in Route 12 exposure, strong tourism traffic, and mixed-use income potential-ideal for investors, entrepreneurs, and business owners seeking a high-traffic waterfront location. Property is being sold as-is.
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FeaturesGeneralCooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Roof Composition
Zoning OTHER
Construction Materials Wood Frame
Year Built 1927
Electric Circuit Breakers
Tenant Pays Other
Stories Count 2
Township Grant
Property Subtype Mixed Use
Tax Year 2024
Current Use Commercial
Gross Income 0
County Lake
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Special Use
Status Active
Directions North on US Highway 12 from Grand Avenue in Fox Lake to property just past the bridge on the west side of the highway. Shared entrance with Bauske Boat Basin.
City Fox Lake
Number Of Units Total 2
MLS Area Fox Lake
Lot Size Square Feet 16479
Tax Annual Amount 8665
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Virtual Tour https://player.vimeo.com/video/1151178492
Lease Type Gross
Standard Status Active
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ExteriorBuilding Area Total 2748
Lot Dimensions 139X139X78X17X70X16X81
Frontage Type Public Road US Highway
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* Excluded FeaturesList ByKeller Williams North Shore WestBroker
teamhjorthrealestate@gmail.comEmail
NearbyAbout Fox Lake, IL 11,050 Population
13% Since 2002
$ 53,142 Median Income
42.79 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/6/2026 | $349,900 | | Listed Price |