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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $320
MLS Listing ID 11817913
Sold Date 06/21/24
Year Built 1940
Annual Tax Amount $14,142
Tax Year 2022
Lot Dimensions 175X214.5X209X259
Property Sub-Type Mixed Use
Property Description
Chain O' Lakes WATERFRONT Income Property! This fantastic opportunity to jump right in to a cash flow positive opportunity with 8 rental units that are currently used a short term rentals and are rented year round and a nicely updated bar that is currently leased. Main building has been updated and is up to current code. New roof 2018. NEW FLOOR with CONCRETE and STEEL BEAMS, NEW WALLS inside per commercial and residential code. Electric, alarm, parking lot, sea wall remodeled. Recent New Well Installed 5/2021. Rental units were also updated in late 2021 into early 2022. 168' frontage of chain access, permit approved site for 18 boat slips and additional income. Perfect retreat for boaters and winter sports. Opportunity to continue with bar/tavern business & rental income. Large deck overlooking backyard & lake!! Contact List or Co-List Agent Dan Gleason at 8155294762 with questions and to schedule tour.
Location
State IL
County Lake
Area Spring Grove
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
Utilities Available Other
Roof Type Composition
Building
Structure Type Other
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Dawn Bremer • Keller Williams Success Realty
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