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7220 State Park Rd - Northern IL Large Scale Development
102.35 Acres of Residential Land Offered at $4,800,000 in Fox Lake, IL 60020
Investment Highlights
- Built to Suit
- Proximity to highway, lakes, hospital, restaurants, shopping
- Water and Sewer on site currently
Property Facts
Price | $4,800,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 102.35 AC |
Price | $4,800,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 102.35 AC |
1 Lot Available
Lot
Price | $4,800,000 | Lot Size | 102.35 AC |
Price Per AC | $46,898 |
Price | $4,800,000 |
Price Per AC | $46,898 |
Lot Size | 102.35 AC |
Located in between residential developments; mature, well-maintained trees on current golf course - not many trees to remove prior to developing land.
Description
Your next development opportunity has arrived! With 102 acres of land ideally situated for residential development in the picturesque Chain-O-Lakes area, the potential for this project is significant and the developer will have the Village of Fox Lake's full support. Currently a majestic golf course with rolling hills and mature trees, this is a truly unique property. Highly attractive location within close proximity to essential amenities like shopping, restaurants, highways, and a hospital, as well as recreational activities like boating and access to the lake life. Suitable for both 55+ and traditional single-family or multifamily developments. This past Fall, the tree line on the property was trimmed back for enhanced safety and increased aesthetic which is one less maintenance item prior to development. A 7,000-square-foot clubhouse, with a recent exterior renovation and capacity to entertain 125+ guests, offers an excellent opportunity to create a community space for the neighborhood and can also be used immediately as a sales office. Opportunity awaits to develop a residential community in the rapidly growing Chain-O-Lakes area. Preview the property through the Virtual Tour link above and then contact the agent to see it in person.
PROPERTY TAXES
Parcel Number | 01-28-300-060 | Improvements Assessment | $63,494 |
Land Assessment | $163,926 | Total Assessment | $227,420 |
PROPERTY TAXES
zoning
Zoning Code | PUD (Multi-Family - Single-Family Developments) |
PUD (Multi-Family - Single-Family Developments) |
Presented by
7220 State Park Rd - Northern IL Large Scale Development
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