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Property 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.
Full Property Details
Full Property Details for 27 E Grand Ave
General
- Price: $699,900
- Taxes: $15,578 (2025)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12763879
- Updated: 9/18/2026
- Added to Site: 3 day(s) ago
Business
- Business Type: Food & Beverage
- Years in Business: 1 to 3 Yea
Location
- Area: Fox Lake
- County: Lake
- Driving Directions: 12 to Grand, E to #
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Stone, Wood
- Exterior Const.: Stone, Wood
- Roof: Composition, Fiberglass
- Stories/Levels: 2
- Square Feet: 3,085
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Sq. Ft.): 11,700
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 115 x 125 x 77 x 132
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $15,578.6
- Tax Year: 2025
Disclosures and Reports
- Ownership: LLC
- Documents Avail.: Floor Plan, Existing Survey
- Property ID: 5092170020000
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Schools
Schools serving 27 E Grand Ave
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 | 1.1 mi |
Lotus School 29067 W Grass Lake Rd, Spring Grove, IL 60081 | PK-4 | 2.2 mi |
Grant Community High School 285 East Grand Avenue, Fox Lake, IL 60020 | 9-12 | 1.2 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 27 E Grand Ave
Date
Details
Price
Change
Source
9/18/2026
Listed
$699,900
55.53%
MLS
3/24/2025
Sold
$450,000
—
Public Record
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 27 E Grand Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,774
-1%
$181,828
8%
2024
$13,921
35%
$168,390
6%
2023
$10,314
4%
$158,634
40%
2022
$9,873
—
$113,364
8%
2021
$9,895
-6%
$105,398
1%
2020
$10,503
—
$103,892
-6%
2019
$10,503
-2%
$110,698
2%
2018
$10,679
5%
$109,030
-1%
2017
$10,183
-10%
$110,188
9%
2016
$11,277
5%
$100,776
7%
2015
$10,755
1%
$94,043
—
2014
$10,685
5%
$94,043
1%
2013
$10,222
10%
$93,575
-2%
2012
$9,284
—
$95,834
—
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 27 E Grand Ave
27 E Grand Avenue, Fox Lake, IL 60020 (MLS# 12763879) is a Business property. 27 E Grand Avenue is currently listed for $699,900 and was received on September 18, 2026. Want to learn more about 27 E Grand Avenue? Do you have questions about finding other Business 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.

