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$950,000 Just Listed
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Property Description
115 Nippersink Rd, known as the historic Randolph Hotel, is one of Fox Lake's most recognizable and storied lakefront landmarks. This recently updated mixed-use waterfront property includes a fully furnished and operating 13-room hotel/hostel with shared bathrooms, a 2-bedroom, 1-bath apartment with full kitchen and private bathroom, and a first-floor commercial space leased to Black Lung Brewing. The property features approximately 53 feet of prime Nippersink Lake frontage, outstanding lake views, and direct proximity to boating, fishing, dining, entertainment, and the Chain O' Lakes lifestyle. The first-floor brewery/bar space provides an established commercial tenant, while the hotel/hostel rooms and apartment create multiple income streams within one iconic asset. With its waterfront setting, operating hospitality component, commercial tenancy, and landmark character, 115 Nippersink Rd offers investors a rare opportunity to own a highly visible lakefront property in the center of Fox Lake's continued waterfront revitalization.
Full Property Details
Full Property Details for 115 Nippersink Rd
General
- Price: $950,000
- Taxes: $27,915 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12631494
- Updated: 4/28/2026
- Added to Site: 1 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: Fox Lake
- County: Lake
- Driving Directions: S on Rt 12, E on Oak St, N on Forest, W on Nippersink
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Utilities
- Trash: 999
Structural Information
- Stories/Levels: 3
- # of Stores: 1
- Year Built: 1945
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 33,354
- Lot Dimensions: 84 x 486 x 523 x 53
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $999
- Other Fee: $999
- Security Deposit: Other
- Assessment Year: 1945
- Tax Amount: $27,915
- Tax Year: 2025
- Pays Electric: 999
- Pays Trash: 999
Disclosures and Reports
- Property ID: 5044020520000
Listed by RE/MAX Suburban
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Schools
Schools serving 115 Nippersink Rd
School Districts:Fox Lake Grade School District 114, Grant Community High School District 124
| Name | Grades | Distance |
|---|---|---|
Stanton School 101 Hawthorne Lane, Fox Lake, IL 60020 | 5-8 | 1.3 mi |
Lotus School 29067 W Grass Lake Rd, Spring Grove, IL 60081 | PK-4 | 1.8 mi |
Grant Community High School 285 East Grand Avenue, Fox Lake, IL 60020 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 Nippersink Rd
Date
Details
Price
Change
Source
4/28/2026
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 115 Nippersink Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,259
55%
$341,270
65%
2023
$11,789
12%
$206,886
60%
2022
$10,528
—
$129,469
15%
2021
$10,552
-6%
$112,390
1%
2020
$11,199
—
$110,783
-6%
2019
$11,199
-6%
$118,040
-3%
2018
$11,922
5%
$121,724
-1%
2017
$11,405
-9%
$123,018
9%
2016
$12,590
5%
$112,510
7%
2015
$12,007
1%
$104,993
—
2014
$11,929
3%
$104,993
1%
2013
$11,554
-7%
$104,470
-18%
2012
$12,417
—
$128,174
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 Nippersink Rd
115 Nippersink Road, Fox Lake, IL 60020 (MLS# 12631494) is a Commercial property. 115 Nippersink Road is currently listed for $950,000 and was received on April 28, 2026. Want to learn more about 115 Nippersink Road? Do you have questions about finding other Commercial real estate for sale in Fox Lake? You can browse all Fox Lake real estate or contact a Coldwell Banker agent to request more information.

