27 E Grand Avenue Fox Lake, IL $ 699,900
27 E Grand Avenue
$ 699,900
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27 E Grand Avenue

Fox Lake, IL, 60020
$ 699,900
Bedrooms-- Baths-- Sq 3,085

Monthly Estimate*

$ 4,419

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Commercial Property for sale in Fox Lake, IL

for $699,900. This 3,085 square foot building was built on a lot size of 0.268595.

Opportunity to acquire an established small business together with the commercial real estate it operates from, offered as a single transaction. Located in a growing downtown business district in the Chicago-area exurbs (Lake County, IL), this bakery operation combines a fully-equipped, ready-to-operate business on the ground floor with additional income-producing space above - giving a buyer multiple ways to generate return from one purchase. The business conveys with all major equipment and inventory included, and the physical space has been recently renovated and is in excellent, move-in-ready condition. The 3,085 square foot building sits in an active business development district where the local municipality is developing additional incentive programs for businesses in the area. This established bakery has been operating continuously for over one year with an established customer base and documented revenue history. The current absentee owner structure demonstrates the business can operate with proper management systems in place. Key Investment Highlights: * Established bakery operation with proven customer base * Commercial real estate included in sale (3,085 sq ft building) * Recently renovated facility in excellent condition * All major equipment and inventory included * Additional income-producing space above main operation * Located in growing downtown business district * Municipal incentive programs available for area businesses * Absentee owner operation demonstrates systematic management * Chicago-area location in Lake County provides strong market access The property offers dual income streams through both the established bakery business and rental income potential from the upper level space. The combination of real estate ownership and business operations provides both operational control and long-term asset appreciation potential.

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Commercial Active

Price

$ 699,900

Property Type

Commercial

Taxes

$ 15,578

Style

Food & Beverage

Lot Size

0.268595

Town/City

Fox Lake

County/Region

Lake

MLS | Web ID

12763879

Features
General
Cooling Central Air
Possession Closing
Roof Composition Fiberglass
Zoning COMMR
Construction Materials Stone Wood
Electric Service - 201 to 600 Amps
Stories Count 2
Tax Year 2025
Current Use Commercial
Business Type Food & Beverage
Additional Parcels Description 05092170010000
County Lake
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Status Active
Directions 12 to Grand E to #
City Fox Lake
MLS Area Fox Lake
Lot Size Square Feet 11700
Tax Annual Amount 15578.6
Additional Parcels Y/N Y
Lease Type N/A
Standard Status Active
Ownership Type LLC
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Exterior
Building Area Total 3085
Lot Dimensions 115x125x77x132
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Dream Real Estate, Inc.

Broker

shawn.strach@dreamrealestate.org

Email

Affordability Calculator

$5,717
Per Month
77%
23%
0%
Monthly Principal & Interest
$4,419
Monthly Property Taxes
$1,298
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2026$699,900 Listed Price

Map


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27 E Grand Avenue, Fox Lake, IL, 60020 is a Commercial Property for sale at $699,900 with 3,085 sqft and a lot size of 0.268595. The property's zip code is 60020 which is in Fox Lake, IL