154 N US Highway 12 Highway

Fox Lake, IL 60020

Rare mixed-use property located directly on high-traffic Route 12 in the heart of the Chain O' Lakes. This highly visible investment and business opportunity offers private pier access, strong daily traffic counts, and exceptional signage exposure, making it ideal for both local and seasonal traffic-all while featuring a spacious 3-bedroom, 1.5-bath second-floor residence. The main level showcases a large, remodeled commercial space, formerly the well-known Marine Grill, with excellent street presence and the potential for outdoor patio seating overlooking Pistakee Lake. Above the commercial space is a generously sized 3-bedroom, 1.5-bath apartment, perfect for an owner-operator, employee housing, or additional rental income. The property includes a private pier on Pistakee Lake, providing direct access to the Chain O' Lakes waterway system-a major draw for boating, dining, and recreational traffic. A dual pylon sign, shared with Bauske Boat Basin, offers outstanding visibility from Route 12, Nippersink Lake, and Pistakee Lake, maximizing brand exposure to both vehicle and boat traffic. Additional highlights include a 2-car garage, municipal water and sewer, and flexibility for a variety of potential uses. Permitted uses may include restaurant, professional office, boat or auto sales, bait and marine retail, or electronic gaming (with Village approval where required) . The property truly offers exceptional versatility and upside. A rare opportunity in the Chain O' Lakes area with built-in Route 12 exposure, strong tourism traffic, and mixed-use income potential-ideal for investors, entrepreneurs, and business owners seeking a high-traffic waterfront location. Property is being sold as-is.

Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams North Shore West



Based on information submitted to the MLS GRID as of 2026-02-15 04:24 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-02-15 04:24 AM UTC
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