512 Park Avenue
512 Park Avenue
$1,100,000
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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!
- Listed by Dawn Bremer • Keller Williams Success Realty
- Listed by Daniel Gleason • Keller Williams Success Realty
Property Details for 512 Park Avenue
Area
Fox Lake
TownshipGrant
ZoningCOMMR
Location
LISTING UPDATED: 02/20/2024 12:07 AM
Property Details for 512 Park Avenue
Status | Active |
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MLS # | 11981298 |
Days on Market | 130 |
Taxes | $21,264 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1953 |
Lot Size | 0.79 AC / 34,295 SF |
County | Lake County |
Location
Building Information for 512 Park Avenue
Stories-Residences1Year Built1953Lot Size0.79 AC / 34,295 SF
Payment Calculator
$7,775 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 512 Park Avenue
Property History for 512 Park Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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