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512 Park AVE Fox Lake, IL 60020
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Key Details
Sold Price $775,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $352
MLS Listing ID 09987166
Year Built 1953
Annual Tax Amount $5,250
Tax Year 2016
Property Sub-Type Mixed Use
Property Description
This is a turn key business in the fall and spring. 94 slips - $1200-$1500/slip. Property appraised at $1,250,000 in 2017; floating docks which do not have to be taken in every year appraised for $780,000. (Floating docks have a shelf life of 40 years.) Key required to gain access to docks. Next door to Freddie's Restaurant with a 400 seat occupancy. Management exposure is minimal, could be a hobby operation. Owner also now does shrink wrapping, in and out movement of boats. Home on premises features two bedrooms, hardwood floors, new windows, lake view, and 25x25 barn with cement floor. All on 3/4 of an acre! Owner is moving to his other home in Door County. He is open to contract sales and other offers. Seller would consider other financing options.
Location
State IL
County Lake
Area Fox Lake
Zoning COMMR
Interior
Cooling Central Air
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Bought with Eddy Dingman of Coldwell Banker Commercial NRT
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