36961 N Il Route 83 Lake Villa, IL ^$ 375,000

36961 N Il Route 83

^$ 375,000

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36961 N Il Route 83

Lake Villa, IL, 60046

^$ 375,000

Bedrooms-- Baths-- Sq 2,200

Monthly Estimate*

^$ 2,590

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Commercial Property for sale in Lake Villa, IL

for $375,000. This 2,200 square foot building was built in 1988 on a lot size of 0.38.

Fantastic opportunity to own PRIME IL Route 83 commercial property with over a 15,000 average daily traffic count. Zoned General Commercial. Located across the street from a brand new car wash, Wal-mart, gas stations and strip malls. Possibilities are endless! Create your next business whether that is automotive, specialty, retail, etc! Situated on 2 lots, this 40x55' steel building offers open space, designated office space, 1/2 bath, oil catch basins, 12' overhead door and featuring a stunning front facade that will catch everyone's attention! A/C and furnace are around 2 yrs old. New plumbing in 2016. Concrete floor. Building used to have 2 16' foot overhead doors that could be added back in (in front of building). Serviced by well and septic. Start your dream by checking out this gem!

Commercial Active

Price

^$ 375,000

Property Type

Commercial

Taxes

^$ 4,015

Style

Automotive

Lot Size

0.38

Year Built

1988

Town/City

Lake Villa

County/Region

Lake

MLS | Web ID

12784999

Features

General

Cooling Central Air

Possession Closing

Zoning COMMR

Construction Materials Steel Siding Cedar

Year Built 1988

Electric Service - 101 to 200 Amps Three Phase

Stories Count 1

Township Lake Villa

Tax Year 2025

Current Use Automotive

Additional Parcels Description 06092050020000

Assoc Fee Paid Per Not Applicable

County Lake

Net Operating Income 0

Property Type Commercial Sale Retail/Stores

Status New

Directions Route 83 north of Monaville on east side of 83

City Lake Villa

Number Of Units Total 1

MLS Area Lake Villa / Lindenhurst

Lot Size Square Feet 16500

Tax Annual Amount 4015.46

Additional Parcels Y/N Y

Leasable Area 0

Standard Status Active

Interior

Flooring Concrete

Exterior

Foundation Details Concrete Perimeter

Building Area Total 2200

Lot Dimensions 150x110

Lot Size Acres 0.38

Frontage Type Public Road State Road

* Excluded Features

List By

Re/Max Advantage

Broker

listingsbymike@gmail.com;Listingsbymike@gmail.com

Affordability Calculator

$2,925

Per Month

Monthly Principal & Interest: $2,590
Monthly Property Taxes: $335
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Commerical listings in Lake Villa, IL

Average List Price ^$1,850,000

Percent of Sale Price 393%

About Lake Villa, IL

8,659 Population

29% Since 2002

^$81,346 Median Income

39.8 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/14/2026	$375,000		Listed Price

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36961 N Il Route 83, Lake Villa, IL, 60046 is a Commercial Property for sale at $375,000 with 2,200 sqft and a lot size of 0.38. 36961 N Il Route 83 was built in 1988. The property's zip code is 60046 which is in Lake Villa, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 10/15/2026.

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36961 N Il Route 83

Commercial Property for sale in Lake Villa, IL

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