512 Park Avenue

Fox Lake, IL 60020

$1,100,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic Investment Opportunity in Fox Lake! Located at 512 & 514 Park Ave, this mixed-use property offers endless potential for savvy investors. With a list price of $1,100,000, this turnkey opportunity is not to be missed. Situated on a spacious 3/4-acre lot, this property features 76 lease-able slips, with a total of 94 permitted slips for boating enthusiasts. The convenience of floating docks means easy maintenance, and access is controlled by a key system. Adjacent to the renowned Famous Freddie's...Fantastic Investment Opportunity in Fox Lake! Located at 512 & 514 Park Ave, this mixed-use property offers endless potential for savvy investors. With a list price of $1,100,000, this turnkey opportunity is not to be missed. Situated on a spacious 3/4-acre lot, this property features 76 lease-able slips, with a total of 94 permitted slips for boating enthusiasts. The convenience of floating docks means easy maintenance, and access is controlled by a key system. Adjacent to the renowned Famous Freddie's Roadhouse, this location offers great exposure and endless possibilities. In addition to the marina, there is a charming rental home on-site, generating substantial income as a short-term rental. Boasting two bedrooms, hardwood floors, lake views, and a 25x25 barn with a cement floor, this home adds tremendous value to the property. With its commercial zoning (B-4), this property can be utilized for a variety of purposes. The potential for a hobby operation and minimal management exposure make this a truly unique opportunity. Don't miss out on this rare chance to own a lucrative investment property in the heart of Fox Lake. Call today for more information and to schedule a viewing!
  1. Listed by Dawn Bremer • Keller Williams Success Realty
  2. Listed by Daniel Gleason • Keller Williams Success Realty

Property Details for 512 Park Avenue

Area
Fox Lake
Township
Grant
Zoning
COMMR

Location

Listing Courtesy of Keller Williams Success Realty
Add your commute
LISTING UPDATED: 02/20/2024 12:07 AM

Property Details for 512 Park Avenue

StatusActive
MLS #11981298
Days on Market130
Taxes$21,264 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1953
Lot Size0.79 AC / 34,295 SF
CountyLake County

Location

Listing Courtesy of Keller Williams Success Realty
Add your commute

Building Information for 512 Park Avenue

Stories-Residences1Year Built1953Lot Size0.79 AC / 34,295 SF

Payment Calculator

$7,775 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,772

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 512 Park Avenue

General Information
Location and General Information
  • Geographic Locale: Northwest Suburban,North Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site
Property/Lot Information
  • Tenant Pays: Common Area Maintenance
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 145 X 236 X 100 X 341
  • Lot Size Square Feet: 34295.0
  • Stories: 1
  • Construction: Wood Frame
  • Fire Protection: Fire Extinguisher/s
  • Building Area Total: 2200
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 7
Miscellaneous
  • Current Use: Commercial, Other
  • Location: Lake Front,Water Front
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $117,901.00
  • Insurance Expense: $4,000.00
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 512 Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 512 Park Avenue

Taxable ValueLand$47,256Additions$99,593Total$146,849
Tax Record2023$13,848 ($1,154 / month)
Home Facts
Lot Size15,904 SqFtStyleMiscellaneous CommercialCountyLAKEAPN05-16-204-035

Schools near 512 Park Avenue

This home is within Grant Chsd 124 School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Big Hollow Primary School
PublicPK to 1

Big Hollow Elementary School
Public2 to 4

Big Hollow Middle School
Public5 to 8

Grant Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

512 Park Avenue is a mixed use property for sale in Fox Lake, IL 60020. This property was listed for sale on February 14, 2024 by Keller Williams Success Realty, it's currently listed at $1,100,000. It has been on the market for a total of 130 days and was last sold on April 5, 2019. This listing's school districts are Grant Chsd 124 School District, Big Hollow School District 38. Nearby schools include Big Hollow Primary School, Big Hollow Elementary School and Big Hollow Middle School. 512 Park Avenue is a 0-bed, 0-bath, mixed use property built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Success Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.