Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12591590MLS Provider

10 W Grand AvenueLake Villa, IL 60046

Commercial · 4,995 Sq. ft.
$1,100,000 Active

10 W Grand Avenue Overview

Time on Site:
103 days
Visits:
3

Proud to present a rare turn-key restaurant and bar opportunity at 10 W Grand Avenue in the heart of Lake Villa. This beautifully built-out establishment is perfectly positioned to capture a market characterized by high household incomes and a significant demand for new dining options. The interior features a large rectangular bar designed for high-volume service, fully decked out with multiple televisions and a professional commercial equipment package ready for immediate profit. The layout provides seating for 100 guests in the main dining area plus a private dining room that accommodates up to 12 for intimate events or corporate meetings. Behind the scenes, the property boasts a large and exceptionally clean kitchen designed for speed and high table turnover. The beverage program is supported by walk-in coolers and a professional glycol tap system to ensure perfect pours every time. A central AV control system manages all music and television displays throughout the building. This is an ideal setup for a savvy proprietor looking to skip the build-out phase and move directly into operations in an underserved area.

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10 W Grand Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 4,995
  • Price/Sq.ft. $220

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 90000

Building Information

  • Year Built: 1955

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Lake Villa / Lindenhurst

Tax Information

  • Tax Annual Amount: $13,835.00
  • Tax Year: 2024

General Information

  • Parcel Number: 02324000200000
  • Property Sub Type: Restaurant
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 4995

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Leasable Area: 4995
  • Stories: 1

Unit Information

  • Unit SqFt.: 4995

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: County Road
  • Lot Size Dimensions: 131x139x61x88x84
  • Lot Size Square Feet: 17424

General Information

  • Number Of Units Total: 1

10 W Grand Avenue Neighborhood

Community

60046 (Lake Villa) Demographics

38
Median Age
1,339
Population Density (per sq. mile)
51%
College Educated
$104,960
Estimated Median Income
9,827
Estimated Total Home Owners
2,165
Estimated Total Renters
82% / 18%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10 W Grand Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10 W Grand Avenue Market Data

Based on the last 30 days in this zip code

$397,632
Average List Price
$203
Average Price per Square Foot
43
Properties Sold
43
Average Days on Market
91
Properties for Sale
Calculations provided by Reliance Network

10 W Grand Avenue History

Date Event Value Agent
3/23/2026Source: MRED Status Change
Active
3/18/2026Source: MRED Added to Database
March 18, 2026