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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
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
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

PROPERTY TAXES

Parcel Number
01-28-300-060
Land Assessment
$163,926
Improvements Assessment
$63,494
Total Assessment
$227,420

zoning

Zoning Code PUD (Multi-Family - Single-Family Developments)
PUD (Multi-Family - Single-Family Developments)
  • Listing ID: 31953600

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 7220 State Park Rd, Fox Lake, IL 60020

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