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$487,400 Just Listed
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Property Description
This stately seated "American Four-Square" Architectural Home sits high on the rising land, as one of the first homes (1924) to be constructed to the stretch of road that has been the main arterial route for a century. It holds a commercial zoning identified as "General Commercial" in unincorporated Lake County. Illinois Route 59 is the northern branch off of Route 12 in Fox Lake, and is named Fox Lake Road at this site. Route 132 (Grand Avenue) is a 1/2 block north to take a 10 mile drive I-94, with Molidor, Rollins and Fairfield Roads to the south, and Grand Avenue winding back, west, into Fox Lake train station. The current family has owned this home since 1998. The house has no real issues (except updating) and is ready for a family, intergenerational homeowners, or perhaps even a VRBO or Airbnb investor. The home needs work but offers amazing space, grace and views even as it sits on a little more than 2 acres, south of Fox Lake Hills' water tower and municipal pump house. The land and forest between the pump house visually soften its quiet neighbor. The rear of the property abuts to Lake County's prized Grant Woods Forest Preserve, boasting wildlife, a pond with migratory birds, 4.5 miles of snowmobile trails that tie into miles of state trails, and 6 miles of paved or gravel trails, with 1 mile of grass trails just outside the back yard for daily walks, snow shoes, cross country, bike rides or horseback riding in this quality nature preserve. The property itself has its own forest preserve with significant oaks, hickory, apple and cherry blossoms that soften the main road. This 4 to 5-bedroom, 2 bath home sits far enough off of the main road for adding to the forest and privacy. This house and property constitute privacy. Proper landscaping and well positioned garage and pole barn will only further cultivate the peace that is already upon the property. Municipal water and sewer, gas and electric is operating the household. There is an old out building storage shed (or chicken shed) that is giving way to nature. The foundation is solid, dry concrete with a modified cistern for a safe room from storms, if necessary. The basement has cellar doors to access the basement from the outside. The main floor of the house is made up of a huge living room, dining room, entryway, kitchen and formal study/ library with first year growth, wood plank floors. The study has its own oval beveled glass entry door next to the main entry door, for separate business use, without disturbing the private home. Perfect for in-law arrangement, separate apartment, VRBO or Airb&b. The first-floor bathroom is so large and divided that an additional bath could be added for access from the kitchen, while sustaining a full bath to the separate study/ guest room. (See conceptual floorplan.) The 2nd floor is made up of 4 large bedrooms, a huge single bathroom with huge stairway and a loft study area in the hallway just off of the Master Bedroom. Again, the 2nd floor bath could be divided for two separate baths, or a full bath and laundry. The large 2nd floor hall closet has a built-in ladder to access what could possibly become attic living space. The space is large enough (20'x20') for the possibility, and offers 2 windows for daylight from the dormer. Like the concrete basement, the 10 year old roof keeps a dry house. The county zoning is "General Commercial" since 2002 Some suggested commercial uses would be lawyers' office, bed & breakfast, hotel/ motel, daycare center/ school, funeral home, nursing home, personal or professional services, retreat, recreational, self-storage center, convenient store and gas station, meeting hall or garage for service work. Bring your ideas. Plenty of land and so much potential here. Ideally, the house is calling for someone who can bring it back to the todays modern standards while retaining its prestigious qualities and stature.
Full Property Details
Full Property Details for 37733 N Il Route 59 Rte
General
- Price: $487,400
- Taxes: $6,186 (2025)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12641826
Business
- Business Type: Bed & Breakfast, Other
Interior
- Interior Features: Common Exercise Room(s), Common Lunchroom(s), Common Meeting Room(s), Passenger Elevator(s), Accessible Entrance, Accessible Washroom/s, Private Restroom(s), Public Restroom(s), Storage Inside, Other, Laundry Room
Location
- Area: Lake Villa / Lindenhurst
- County: Lake
- Driving Directions: From I-94 and Route 134 (Grand Avenue) at the (largest shopping center in the region) Gurnee Mills Mall and Great America Theme Park, drive approximately 10 miles west to Route 59 (where Grand Ave ends). Turn south to drive 1/2 a block to the address on the left or east side of the road.
- Location Details: Forest Preserve Adjacent, Mixed-Use Area, Park Adjacent, Water View, Freestanding/Urban, Not in City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Building Heat, Gas, Radiators
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Concrete, Wood
- Exterior Const.: Concrete, Wood
- Roof: Composition, Fiberglass
- Stories/Levels: 3
- Square Feet: 2,400
- Current Bldg. Use: Legal Non-Conforming
Lot Features
- Lot Size (Sq. Ft.): 2
- Lot Size Range: 2.0 to 2.99 Acres
- Lot Dimensions: 352 x 266 x 351 x 266
- Frontage: City Street, County Road, Public Road, State Road, Township Road, US Highway, Paved
- Potential Use: Commercial, Conditional Use, Condominium, Estate, Legal Non-Conforming, Liquor License, Non-Conforming, Recreational, Residential, Multi-Family, Single Family, Retail, Special Use, Other
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $6,186
- Tax Year: 2025
Disclosures and Reports
- Ownership: Family
- Documents Avail.: Aerial Map, Demographics, Existing Survey, Tax Bill, Traffic Counts
- Property ID: 5012000210000
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Schools
Schools serving 37733 N Il Route 59 Rte
School Districts:Gavin School District 37, Grant Community High School District 124
| Name | Grades | Distance |
|---|---|---|
Gavin Central School 36414 North Ridge Road, Ingleside, IL 60041 | PK-4 | 1.4 mi |
Gavin South Jr High School 25775 Illinois 134, Ingleside, IL 60041 | 5-8 | 3.1 mi |
Grant Community High School 285 East Grand Avenue, Fox Lake, IL 60020 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 37733 N Il Route 59 Rte
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,186
5%
$96,568
7%
2024
$5,892
11%
$90,023
13%
2023
$5,325
5%
$79,540
16%
2022
$5,068
—
$68,713
8%
2021
$5,091
3%
$63,830
3%
2020
$4,946
—
$61,785
4%
2019
$4,946
-15%
$59,380
-12%
2018
$5,832
7%
$67,443
3%
2017
$5,437
-15%
$65,644
4%
2016
$6,371
-3%
$62,986
7%
2015
$6,593
-15%
$58,827
—
2014
$7,791
6%
$58,827
-16%
2013
$7,319
8%
$69,840
-1%
2012
$6,790
—
$70,885
—
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 37733 N Il Route 59 Rte
37733 N Il Route 59 Route, Lake Villa, IL 60046 (MLS# 12641826) is a Business property. 37733 N Il Route 59 Route is currently listed for $487,400 and was received on May 07, 2026. Want to learn more about 37733 N Il Route 59 Route? Do you have questions about finding other Business 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.

