This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/19
$1,100,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/19
Property Description
Lovinger Partners is proud to present a rare turn-key restaurant and bar opportunity at 10 W Grand Avenue in the heart of Lake Villa. This beautifully built-out establishment is perfectly positioned to capture a market characterized by high household incomes and a significant demand for new dining options. The interior features a large rectangular bar designed for high-volume service, fully decked out with multiple televisions and a professional commercial equipment package ready for immediate profit. The layout provides seating for 100 guests in the main dining area plus a private dining room that accommodates up to 12 for intimate events or corporate meetings. Behind the scenes, the property boasts a large and exceptionally clean kitchen designed for speed and high table turnover. The beverage program is supported by walk-in coolers and a professional glycol tap system to ensure perfect pours every time. A central AV control system manages all music and television displays throughout the building. This is an ideal setup for a savvy proprietor looking to skip the build-out phase and move directly into operations in an underserved area.
Full Property Details
Full Property Details for 10 W Grand Ave
General
- Price: $1,100,000
- Taxes: $13,835 (2024)
- Status: Active
- Type: Commercial Service
- Source: MRED
- MLS ID: 12591590
- Updated: 3/19/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Accessible Entrance
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site, Ansul System, Fire Extinguisher(s), Sprinklers (Wet)
Location
- Area: Lake Villa / Lindenhurst
- County: Lake
- Driving Directions: Take intersection of Grand Ave and Route 83 west to address.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 1
- Square Feet: 4,995
- Year Built: 1955
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 17,424
- Lot Dimensions: 131 x 139 x 61 x 88 x 84
- Frontage: County Road
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored, Alarm On Site, Ansul System, Fire Extinguisher/s, Sprinklers-Wet
- Assessment Year: 1955
- Tax Amount: $13,835
- Tax Year: 2024
Disclosures and Reports
- Property ID: 2324000200000
Listed by Baird & Warner
Get Pre-Approved Today
Get a Great Insurance Rate
Price & Sales History for 10 W Grand Ave
Date
Details
Price
Change
Source
3/18/2026
Listed
$1,100,000
—
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 10 W Grand Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,758
-11%
$142,941
2%
2023
$16,576
7%
$140,329
-8%
2022
$15,443
-14%
$152,924
10%
2021
$17,881
-26%
$138,591
-12%
2020
$24,275
—
$158,356
-17%
2019
$24,275
96%
$190,966
93%
2018
$12,372
79%
$99,093
3%
2017
$6,898
-42%
$96,450
4%
2016
$11,849
3%
$92,545
7%
2015
$11,481
2%
$86,434
—
2014
$11,209
4%
$86,434
-1%
2013
$10,794
-4%
$87,254
-13%
2012
$11,284
—
$100,663
—
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 10 W Grand Ave
10 W Grand Avenue, Lake Villa, IL 60046 (MLS# 12591590) is a Commercial Service property. 10 W Grand Avenue is currently listed for $1,100,000 and was received on March 18, 2026. Want to learn more about 10 W Grand Avenue? Do you have questions about finding other Commercial Service real estate for sale in Lake Villa? You can browse all Lake Villa real estate or contact a Coldwell Banker agent to request more information.

