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156 N US Highway 12
Fox Lake, IL 60020

Marina/Expansion Opportunity - TIF District · Land For Sale · 9.00 AC

Investment Highlights

  • 9-acre Waterfront Re-Development Opportunity
  • 1,000 Lineal Feet Of Water Frontage
  • 25 Minutes from Wisconsin State Line
  • Close to Metra Station
  • Located on Chain O' Lakes
  • Within an Hour to Chicago, Milwaukee & Rockford

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Restaurant
  • Storefront, Retail or Residential
Total Lot Size 9.00 AC

Description

The property consists of six parcels that total 9+/- acres in commercial TIF district. The site abuts the Nippersink Creek and is located in between Nippersink Lake (to the north) and Pistakee Lake (to the south), immediately south of North U.S. Highway 12. The site is served with most utilities and all necessary road improvements / infrastructure are available to the site lines. It is improved with a seawall along Nippersink Creek. The proximity to the Metra Station makes for convenient access to those needing to commute downtown.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 05-04-304-009
  • 05-04-304-006
  • 05-04-304-001
  • 05-04-304-004
  • 05-04-304-005
Land Assessment
$545,784
Improvements Assessment
$227,279
Total Assessment
$773,063

zoning

Zoning Code B-4, B-5 (Property ha now been Granted a Commercial TIF District & City will look at offering Residential /Multifamily Incentives for new development.)
B-4, B-5 (Property ha now been Granted a Commercial TIF District & City will look at offering Residential /Multifamily Incentives for new development.)
  • Listing ID: 16891141

  • Date on Market: 8/12/2019

  • Last Updated:

  • Address: 156 N US Highway 12, Fox Lake, IL 60020

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