# 27 E Grand Avenue, Fox Lake, IL 60020 > **TL;DR:** commercial, $699,900. > A/C. Est. $3,743/mo. Listed 7 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $699,900 | | Lot Size | 11,700 sqft (0.27 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 7 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,539 | | Estimated Insurance | $204 | | **Total** | **$3,743** | ## Key Amenities - A/C ## Property Highlights - 0.27 acre lot - 2 stories ## Description ### Agent Description Opportunity to acquire an established small business together with the commercial real estate it operates from, offered as a single transaction. Located in a growing downtown business district in the Chicago-area exurbs (Lake County, IL), this bakery operation combines a fully-equipped, ready-to-operate business on the ground floor with additional income-producing space above - giving a buyer multiple ways to generate return from one purchase. The business conveys with all major equipment and inventory included, and the physical space has been recently renovated and is in excellent, move-in-ready condition. The 3,085 square foot building sits in an active business development district where the local municipality is developing additional incentive programs for businesses in the area. This established bakery has been operating continuously for over one year with an established customer base and documented revenue history. The current absentee owner structure demonstrates the business can operate with proper management systems in place. Key Investment Highlights: * Established bakery operation with proven customer base * Commercial real estate included in sale (3,085 sq ft building) * Recently renovated facility in excellent condition * All major equipment and inventory included * Additional income-producing space above main operation * Located in growing downtown business district * Municipal incentive programs available for area businesses * Absentee owner operation demonstrates systematic management * Chicago-area location in Lake County provides strong market access The property offers dual income streams through both the established bakery business and rental income potential from the upper level space. The combination of real estate ownership and business operations provides both operational control and long-term asset appreciation potential. ## Location - **Address:** 27 E Grand Avenue, Fox Lake, IL 60020 - **County:** Lake - **Coordinates:** 42.397002, -88.181302 - **Google Maps:** https://www.google.com/maps?q=42.397002,-88.181302 ## Listing Agent - **Name:** Shawn Strach - **Brokerage:** Dream Real Estate - **Phone:** (815) 331-9520 - **Broker Phone:** (815) 331-9520 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/MREDIL/12763879/?channel=propsimple) ## Photos ![27 E Grand Avenue - Photo 1](http://lh.rdcpix.com/7ba93fa38e30854ec1c47ae0fee38694l-f855886186r.jpg) --- **MLS#:** 12763879 | **Updated:** 2026-09-24 **Source:** listhub *Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/27-e-grand-avenue-fox-lake-il-60020-12763879) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/27-e-grand-avenue-fox-lake-il-60020-12763879#listing", "url": "https://www.propertysimple.ai/listing/27-e-grand-avenue-fox-lake-il-60020-12763879", "name": "27 E Grand Avenue, Fox Lake, IL 60020", "description": "Opportunity to acquire an established small business together with the commercial real estate it operates from, offered as a single transaction. Located in a growing downtown business district in the Chicago-area exurbs (Lake County, IL), this bakery operation combines a fully-equipped, ready-to-operate business on the ground floor with additional income-producing space above - giving a buyer multiple ways to generate return from one purchase. The business conveys with all major equipment and inventory included, and the physical space has been recently renovated and is in excellent, move-in-ready condition. The 3,085 square foot building sits in an active business development district where the local municipality is developing additional incentive programs for businesses in the area. This established bakery has been operating continuously for over one year with an established customer base and documented revenue history. The current absentee owner structure demonstrates the business can operate with proper management systems in place. Key Investment Highlights: * Established bakery operation with proven customer base * Commercial real estate included in sale (3,085 sq ft building) * Recently renovated facility in excellent condition * All major equipment and inventory included * Additional income-producing space above main operation * Located in growing downtown business district * Municipal incentive programs available for area businesses * Absentee owner operation demonstrates systematic management * Chicago-area location in Lake County provides strong market access The property offers dual income streams through both the established bakery business and rental income potential from the upper level space. 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