65 E Grand Ave
Fox Lake, IL 60020

Ten-X in conjuction with Transwestern presents the opportunity to acquire a non-performing loan secured by Lakeland Plaza 2003, LLC. The Fox Lake Town Center is an 88,284-square-foot retail center located on Grand Avenue, just east of Route 12 in the main commercial area of Fox Lake, Illinois. Fox Lake is a city on the south end of the Chain O' Lakes, about 60 miles north of the Chicago CBD. The Chain O' Lakes is a large recreational area in the summer and is supported and visited by local residents and those of the Chicagoland Metro area. The property was built in 1965 and is currently 69 percent leased. The center is anchored by Val's Fresh Market Grocery, a theater and a Family Dollar store. The Fox Lake Town Center is located near the south shore of Fox Lake which is one of the fifteen lakes comprising the Chain O' Lakes recreation area. The site is approximately 60 miles north of the Chicago CBD and about 10 miles south of the Wisconsin border. Fox Lake is a blue collar town with approximately 10,500 full-time residents. In the summer months the population increases due to the great boating and fishing available on the large Chain O' Lakes. Jobs are limited to service jobs a Jobs are limited to service jobs and fluctuate with the season. Route 12 is a major expressway connecting the city of Fox Lake to the Northwest suburbs of Chicago. The retail market for the immediate Fox Lake area is limited to properties on Grand Ave or Route 12 near Fox Lake. The major shopping area is approximately five miles south on Route 12 in the South end of the city of Fox Lake. This competing shopping area is home to Grocers (Jewel and Meijer), Home Depot and Menards.