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$ 349,900
Est. payment /mo
New
154 N US Highway 12 HWY Fox Lake, IL 60020
2,748 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,748 sqft
Price per Sqft $127
MLS Listing ID 12540132
Year Built 1927
Annual Tax Amount $8,665
Tax Year 2024
Lot Dimensions 139X139X78X17X70X16X81
Property Sub-Type Mixed Use
Property Description
Rare mixed-use property located directly on high-traffic Route 12 in the heart of the Chain O' Lakes. This highly visible investment and business opportunity offers private pier access, strong daily traffic counts, and exceptional signage exposure, making it ideal for both local and seasonal traffic-all while featuring a spacious 3-bedroom, 1.5-bath second-floor residence. The main level showcases a large, remodeled commercial space, formerly the well-known Marine Grill, with excellent street presence and the potential for outdoor patio seating overlooking Pistakee Lake. Above the commercial space is a generously sized 3-bedroom, 1.5-bath apartment, perfect for an owner-operator, employee housing, or additional rental income. The property includes a private pier on Pistakee Lake, providing direct access to the Chain O' Lakes waterway system-a major draw for boating, dining, and recreational traffic. A dual pylon sign, shared with Bauske Boat Basin, offers outstanding visibility from Route 12, Nippersink Lake, and Pistakee Lake, maximizing brand exposure to both vehicle and boat traffic. Additional highlights include a 2-car garage, municipal water and sewer, and flexibility for a variety of potential uses. Permitted uses may include restaurant, professional office, boat or auto sales, bait and marine retail, or electronic gaming (with Village approval where required) . The property truly offers exceptional versatility and upside. A rare opportunity in the Chain O' Lakes area with built-in Route 12 exposure, strong tourism traffic, and mixed-use income potential-ideal for investors, entrepreneurs, and business owners seeking a high-traffic waterfront location. Property is being sold as-is.
Location
State IL
County Lake
Area Fox Lake
Zoning OTHER
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available
Roof Type Composition
Building
Dwelling Type Mixed Use
Structure Type Wood,Frame

© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Christine Hjorth of Keller Williams North Shore West

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