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Listing provided courtesy of RE/MAX PlazaMREDas Distributed by MLSGrid- MLS# 12670035MLS Provider

137-139 Arthur AvenueFox Lake, IL 60020

Commercial · 4,404 Sq. ft.
$579,000 Active

137-139 Arthur Avenue Overview

Time on Site:
23 days
Visits:
1

Lakefront commercial opportunity! Former tavern with 7 residential apartments on the water (with piers) that is currently completely vacant. Possible short term rentals, subject to village approval. The property needs work, but has tremendous potential! There are three buildings on the property located at the corner of Arthur and Cathryn overlooking Nippersink Lake on the Chain! Great sunset views and a beautiful deck. There is a road easement that goes through the property. Gaming machines may be possible. Located near the downtown, the train, and the Lakefront Park where they have summer concerts every week. Approximately 80' of lake frontage.

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137-139 Arthur Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 4,404
  • Price/Sq.ft. $131

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Bar/Tavern/Lounge
  • Current Use: Commercial
  • Number Of Full Time Employees: 0
  • Number Of Part Time Employees: 0

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Fox Lake

Tax Information

  • Tax Annual Amount: $13,459.00
  • Tax Year: 2025

General Information

  • Parcel Number: 05033060010000
  • Possible Use: Commercial,Liquor License
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 4404

General Information

  • Cooling: Window Unit(s)
  • Stories: 2

Unit Information

  • Unit SqFt.: 4404

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 75 x 175
  • Lot Size Square Feet: 13517
  • Water Source: Municipal Water

Waterfront/View

  • Waterfront: Yes

Building Exterior/Construction

  • Construction Materials: Wood
  • Roof: Composition

General Information

  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

137-139 Arthur Avenue Neighborhood

Community

60020 (Fox Lake) Demographics

45
Median Age
1,785
Population Density (per sq. mile)
34%
College Educated
$58,635
Estimated Median Income
3,316
Estimated Total Home Owners
1,520
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
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.

137-139 Arthur Avenue Monthly Cost

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Eric Nowik
* 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.

137-139 Arthur Avenue Market Data

Based on the last 30 days in this zip code

$328,559
Average List Price
$211
Average Price per Square Foot
22
Properties Sold
41
Average Days on Market
89
Properties for Sale
Calculations provided by Reliance Network

137-139 Arthur Avenue History

Date Event Value Agent
6/11/2026Source: MRED Status Change
Active
6/6/2026Source: MRED Added to Database
June 06, 2026