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136 Cedar Avenue Lake Villa, IL 60046
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Key Details
Sold Price $225,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 14,171 sqft
Price per Sqft $15
MLS Listing ID 10415661
Sold Date 10/21/19
Year Built 1920
Annual Tax Amount $4,725
Tax Year 2018
Lot Dimensions 129X123X109X88X247X200
Property Description
Former auto dealership with 14,171 square feet in downtown Lake Villa TIF district. Possibilities are endless. Restaurant, brew pub, reception hall, youth center, professional office or retail space. Also can demolish and build multi story with commercial use first floor and multi-family residential on upper floors. Classic barrel roof exposed truss, slab on grade construction. Building has good bones and needs complete rehab. Newer roof with warranty. Truss draw ties installed recently. Priced under $16 per square foot! TIF district will provide buyer with incentives to rehab or build new buildings. Walk to METRA and Lehmann Park. Be a part of the Lake Villa downtown revitalization. Owned by not for profit, motivated seller. Vision and money will make this a truly unique destination. Vacant on lock box.
Location
State IL
County Lake
Zoning COMMR
Interior
Cooling None
Flooring Concrete
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Community, Water to Site
View Y/N true
Roof Type Membrane,Reflective Coating
Building
Foundation Concrete Perimeter
Structure Type Brick,Block
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Bought with Robert Frank • Robert E. Frank Real Estate