$500.00 Per Sq Foot $5,905 est/mo Sourced by Back At You

512 Park Avenue,Fox Lake, IL 60020

Fox Lake IL, 60020

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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 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!

Details

MLS#11981298
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1953
Days On Site100
Listing Provided ByKeller Williams Success Realty | Dawn Bremer

Features

SQ Feet2,200
Story(s)1
Units1
ZoningCOMMR

Market Activity 60020

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Listings Checked: 6 minutes ago
StateIL
CountyLake
CityFox Lake
Zip Code60020
AreaFox Lake
Listing VS Median (in 60020)
Price:
$1,100,000
low | high
Med:
$257,000
100% of Average
SqFt:
2,200
low | high
Med:
1,435
84.772727272727% of Average
$ / SqFt:
$500
low | high
Med:
$183
100% of Average
On Site:
100
low | high
Med:
146.000000
68.493150684932% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 10:18:13 PM PDT