Discover the perfect blend of space and potential with this expansive 1.337-acre lot featuring a charming ranch-style home, ideally situated at the corner of Fairfield Road and Old Monaville Road. Boasting a prime location, this property offers endless opportunities for commercial, office, or residential use, making it a versatile investment. The cozy ranch-style home spans approximately 1,008 square feet, providing comfortable living spaces with a basement of equal size. Additionally, a detached two-car garage and an additional outbuilding offer convenient storage and workspace options. Nestled within the highly regarded Lake Villa Grade School District 41 and Grant Community High School District 124, this property promises an excellent educational environment for families. Please note, this property is being sold in as-is condition, providing an exceptional opportunity for those seeking a project or investment. Don't miss your chance to transform this property into the home or business of your dreams. Cash only offers. No survey will be provided. Currently zoned Commercial.