The Randolph Hotel 115 Nippersink Blvd 18 Room Hostel Fox Lake, IL 60020 $1,294,052 CAD ($71,892 CAD/Room)

115 Nippersink Rd, known as the historic Randolph Hotel, is one of Fox Lake’s most recognizable and storied lakefront landmarks.? This recently updated mixed-use waterfront property includes a fully furnished and operating 13-room hotel/hostel with shared bathrooms, a 2-bedroom, 1-bath apartment with full kitchen and private bathroom, and a first-floor commercial space leased to Black Lung Brewing.?
The property features approximately 53 feet of prime Nippersink Lake frontage, outstanding lake views, and direct proximity to boating, fishing, dining, entertainment, and the Chain O’ Lakes lifestyle.? The first-floor brewery/bar space provides an established commercial tenant, while the hotel/hostel rooms and apartment create multiple income streams within one iconic asset.?
With its waterfront setting, operating hospitality component, commercial tenancy, and landmark character, 115 Nippersink Rd offers investors a rare opportunity to own a highly visible lakefront property in the center of Fox Lake’s continued waterfront revitalization.?
Iconic Randolph Hotel waterfront landmark
Approx. 4,916 SF mixed-use investment property
Fully furnished and operating 13-room hotel/hostel
Shared bathroom hotel/hostel layout
First-floor commercial space leased to Black Lung Brewing
Additional 2-bedroom, 1-bath apartment with full kitchen
Approx. 53 feet of Nippersink Lake frontage
Excellent lake views and Chain O’ Lakes exposure
Steps from Fox Lake’s new lakefront park, amphitheater, beach, splash pad, and boardwalk
Multiple income streams: hospitality, residential, and commercial lease income
Can be purchased separately or together with adjacent 117 Nippersink Rd