211 W Grass Lake Road Lake Villa, IL ^$ 700,000

211 W Grass Lake Road

^$ 700,000

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Recently Listed

211 W Grass Lake Road

Lake Villa, IL, 60046

^$ 700,000

Bedrooms-- Baths-- Sq 3,168

Monthly Estimate*

^$ 4,835

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Commercial Property for sale in Lake Villa, IL

for $700,000. This 3,168 square foot building was built on a lot size of 0.389991.

Opportunity to own and operate a business with multiple income sources. Property is a Restaurant/Bar and so much more. There is an apartment above the business that has been recently remolded and could be rented out for additional income or to live in while you run the business. There is a full kitchen with lunch and dining services. Breakfast should be added to increase income. A large bar that is very popular in the area. Video Gaming, pool table, darts, Multiple ATM's and touch tunes. This location has a large patio and plenty of parking. Basement is used for utilities/storage and has been updated with a new keg cooler room for the upstairs taps. New well and pump just added Hundreds of thousands in recent updates. Great investment opportunity please reach out to Jeff the LA for showings and questions.

Commercial Active

Price

^$ 700,000

Property Type

Commercial

Taxes

^$ 7,862

Style

Bar/Tavern/Lounge,Food & Beverage,Restaurant

Lot Size

0.389991

Town/City

Lake Villa

County/Region

Lake

MLS | Web ID

12784883

Features

General

Cooling Central Air

Possession Closing

Stories Count 2

Tax Year 2025

Business Type Bar/Tavern/Lounge Food & Beverage Restaurant

Business Name Corner Crossing

County Lake

Operating Expense 141612

Property Type Business Opportunity Bus / Bus w/Real Est

Status New

Directions Rt. 83 South of Grass Lake Rd. to property on East Side of 83 next to train tracks

City Lake Villa

MLS Area Lake Villa / Lindenhurst

Lot Size Square Feet 16988

Tax Annual Amount 7862

Additional Parcels Y/N N

Standard Status Active

Ownership Type Individual

Exterior

Building Area Total 3168

Lot Dimensions 100x100

* Excluded Features

List By

Real Broker, Llc

Broker

jeff@jjprealestate.com

Affordability Calculator

$5,490

Per Month

Monthly Principal & Interest: $4,835
Monthly Property Taxes: $655
Monthly Home Insurance: --

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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 ^$975,000

Percent of Sale Price 39%

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
11/2/2026	$700,000		Listed Price

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211 W Grass Lake Road, Lake Villa, IL, 60046 is a Commercial Property for sale at $700,000 with 3,168 sqft and a lot size of 0.389991. 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 11/4/2026.

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211 W Grass Lake Road

Commercial Property for sale in Lake Villa, IL

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