Fox Lake Portfolio of properties for Sale - Central Northwest
Prime Waterfront Investment Portfolio | Iconic Randolph Hotel + 5-Unit Lakefront Rental Property
Property Overview
Rare opportunity to acquire two adjacent waterfront investment properties in the heart of Fox Lake, directly on Nippersink Lake and the Chain O’ Lakes.? Offered together or separately, 115 and 117 Nippersink Rd present a unique combination of hospitality, multifamily, short-term rental, restaurant/bar tenancy, and lakefront redevelopment upside.?
Located just steps from Fox Lake’s newly developed lakefront park, beach, amphitheater, splash pad, boardwalk, fishing access, and community event space, these properties are positioned in one of the most walkable and highly visible lakefront locations in the market.?
115 Nippersink Rd, Fox Lake, IL
For Sale: $950,000
Approx.? 4,916 SF
Property Description
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.?
Investment Highlights
?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
117 Nippersink Rd, Fox Lake, IL
For Sale: $550,000
Approx.? 3,608 SF
Property Description
117 Nippersink Rd is a fully furnished 5-unit lakefront rental property located directly on the serene shores of Nippersink Lake, part of the Chain O’ Lakes in northern Illinois.? The property has been operating as short-term rentals and is currently in the process of transitioning to long-term rentals, offering investors flexibility between hospitality-style income, stabilized residential income, or a hybrid rental strategy.?
The unit mix includes three spacious 2-bedroom units and two charming 1-bedroom units, each with a private entrance, open-concept layout, updated kitchen, and modern bath finishes.? Outdoor seating areas provide guests and residents with lakefront atmosphere, water views, and easy access to boating, fishing, and waterfront recreation.?
Located minutes from downtown Fox Lake, shopping, dining, and the Metra station, 117 Nippersink Rd offers a strong blend of lakefront lifestyle, rental demand, and convenience.? The property is also located just up the road from Fox Lake’s new lakefront park, adding significant nearby amenity value for residents and guests.?
Investment Highlights
?Approx.? 3,608 SF 5-unit lakefront rental property
?Located directly on Nippersink Lake / Chain O’ Lakes
?Fully furnished, plug-and-play investment opportunity
?Unit mix: three 2-bedroom units and two 1-bedroom units
?Each unit features private entrance, open layout, updated kitchen, and updated bath
?Currently transitioning from short-term rentals to long-term rentals
?Outdoor seating areas with lakefront atmosphere and water views
?Minutes to downtown Fox Lake, dining, shopping, and Metra
?Strong rental demand in a highly desirable lakefront setting
?Can be purchased separately or together with adjacent 115 Nippersink Rd
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Combined Portfolio Opportunity
115 and 117 Nippersink Rd may be purchased together as a rare adjacent lakefront investment portfolio totaling approximately 8,524 SF across two properties.? Together, the offering includes a historic hotel/hostel, leased brewery/bar space, apartment, and 5-unit rental property, all positioned directly along Nippersink Lake in the heart of Fox Lake.?
This is a unique opportunity for an investor, hospitality operator, lakefront property owner, or value-add buyer to control a meaningful lakefront footprint with multiple existing income streams and future upside.?
Combined Asking Price
115 Nippersink Rd: $950,000
117 Nippersink Rd: $550,000
Combined Price: $1,500,000
Combined Portfolio Highlights
?Two adjacent lakefront investment properties
?Approx.? 8,524 SF combined
?Hotel/hostel, brewery/bar tenant, apartment, and 5 rental units
?Direct Nippersink Lake / Chain O’ Lakes frontage
?Rare walkable lakefront location in downtown Fox Lake
?Steps from new public lakefront park and entertainment amenities
?Flexible investment strategy: hospitality, multifamily, short-term rental, long-term rental, or mixed-use income
?Strong visibility, lakefront appeal, and long-term ownership upside
Summary
Rare opportunity to acquire two adjacent waterfront investment properties on Nippersink Lake in the heart of Fox Lake.? 115 Nippersink Rd, the historic Randolph Hotel, is an approx.? 4,916 SF mixed-use lakefront property featuring a fully furnished and operating 13-room hotel/hostel, a 2-bedroom apartment, and first-floor commercial space leased to Black Lung Brewing.? 117 Nippersink Rd is an approx.? 3,608 SF fully furnished 5-unit lakefront rental property with three 2-bedroom units and two 1-bedroom units, currently transitioning from short-term rentals to long-term rentals.? The properties may be purchased separately or together for a combined 8,524 SF lakefront investment portfolio steps from Fox Lake’s new lakefront park, beach, amphitheater, splash pad, boardwalk, fishing access, downtown Fox Lake, dining, shopping, and Metra.?
