27 E Grand Avenue,Fox Lake, IL 60020
Fox Lake, IL 60020
Description
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.
Details
| MLS # | 12763879 |
|---|---|
| Listing Type | For Sale |
| Style | Bus / Bus W/real Est |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 8 |
| Listing Provided By | Dream Real Estate, Inc. | Shawn Strach |
Features
| SQ Feet | 3,085 |
|---|---|
| Story(s) | 2 |
| Zoning | COMMR |
| Acreage | 0.33 |
Interior
| Cooling | Central Air |
|---|
Exterior
| Roof | Composition, Fiberglass |
|---|---|
| Construction Materials | Stone, Wood |
Utilities
| Electric | Service - 201 to 600 Amps |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 15578.6 |
Area Information
| State | IL |
|---|---|
| County | Lake |
| City | Fox Lake |
| Zip Code | 60020 |
| Area | Fox Lake |
| Listing VS Median (in 60020) | |
Price: $699,900 low | high Med: $329,945 sqft: 3,085 low | high Med: 1,698 $ / sqft: $227 low | high Med: $195 On site: 8 low | high Med: 31 | |
Market Activity 60020
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Lake |
| City | Fox Lake |
| Zip Code | 60020 |
| Area | Fox Lake |
| Listing VS Median (in 60020) | |
Price: $699,900 low | high Med: $329,945 sqft: 3,085 low | high Med: 1,698 $ / sqft: $227 low | high Med: $195 On site: 8 low | high Med: 31 | |
