Fox Lake, IL 60020,512 Park AVE
Fox Lake, IL 60020,512 Park AVE
Fox Lake, IL 60020,512 Park AVE
30
$775,000
$965,000
19.7%
Est.Price: ?

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2,200 SqFt

512 Park AVE Fox Lake, IL 60020

Est. payment /mo
SOLD DATE : 04/05/2019

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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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Midwest Real Estate Data (MRED) IDX
Listed by Don Cook of  Baird & Warner Real Estate - Algonquin 
Bought with Eddy Dingman of Coldwell Banker Commercial NRT

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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