37733 N IL Route 59 Route

Lake Villa, IL 60046

Live and work in this stately "American Four-Square" Architectural Home! It sits high on Route 59. 12,100 cars per day on this main arterial route makes for great commercial capacity, while the home sits far enough off of the road for privacy. 1 percent of traffic is 120 customers per day. Multiply that by your profit for an idea of how much business that means to you. 2 acres of "General Commercial" zoned property is unincorporated Lake County but has municipal water and sewer on the property. This 4 bedroom 2 bath house is quite large and each room offers huge spaces with 9' ceilings. The 10 room house (not including the basement or attic) is functional but dated and needs some repairs and updating. However, the family has lived there since 1998, and everything works on the property. Main floor is made up of a huge living room, dining room, entryway, kitchen and formal study/ library/ parlor with virgin forest 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 separate apartment, VRBO or Airb&b, perhaps a office, or antique store. The first-floor bath 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/ parlor. (See conceptual floorplan.) The 2nd floor is made up of 4 large bedrooms, a huge 12'x7 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 room. The large 2nd floor hall closet has a built-in ladder to access what could possibly become additional living space. There is a treasure for those who can restore without getting too involved. Ideal uses would be a VRBO or Airbnb investment, senior assisted living or special needs arrangement. Some other 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. These 2 acres are located adjacent and south of Fox Lake Hills' water tower and municipal pump house. Nobody will ever build to the north, nor to the east. 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. 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, and 10 miles east I-94. Molidor, Rollins and Fairfield Roads are to the south, and again Grand Avenue winding back, west, into Fox Lake train station. Because of location and proximity, with the proper accessory buildings and landscaping, this property would do well as a gated estate. Adding pole barns would bring in a world of business for the Chain O'Lakes boating and classic car and RV community. It is worth a look. Call today!

Listing Courtesy of MRED as distributed by MLS Grid of Northwest Suburban Real Estate



Based on information submitted to the MLS GRID as of 2026-05-28 07:11 PM 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: 2026-05-28 07:11 PM UTC
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