Fritzsche Rd @ W. Sheridan - Corner of Fritzsche and W. Sheridan

The portfolio of property at Fritzsche Road is comprised of 400-408 Fritzsche Road, 303 Herbert Road, 325 Herbert Road, and an additional unaddressed 44-acre parcel at Fritzsche Road and W. Sheridan. This robust assemblage is made up of commercial, industrial, 25-acres of Lilly Lake, and residential parcels, with two large industrial buildings, three minor structures, and vacant waterfront parcels. The current ordinance is grandfathered from 1963 and can accommodate anything with I-1, commercial or residential zoning. The property is equipped with municipal sewer and a privately owned water system, three on-site wells, and a pumping station. The majority of the property has its own ordinances annexed into the village. Located on the south shore of Lily Lake, the portfolio offers a unique opportunity for new development in the Village of Lakemoor. Lily Lake is beautifully outfitted with a walking trail on the north side of the lake, two docks, and visitor parking. The village is continuously strategizing new ways to cultivate a diverse footprint in Illinois’s northeast corridor, fostering economic growth and business development. With a desire to promote population and employment expansion, the village is prepared to discuss new ideas for the property’s future. The area is buzzing with residential and retail development, presenting great potential for various redevelopment opportunities, including a senior living campus, condos, luxury homes, and more. The location of this portfolio is ideally situated near a wealth of retail amenities within a 10-minute drive and 15 minutes to Walmart Supercenter and Northwestern Medicine McHenry Hospital, a 179-bed comprehensive care and teaching hospital with over 600 physicians in 70 specialties. The area highlights strong demographics with 79,061 residents and 40,102 daytime employees within a five-mile radius. The average household income is $101,368, and the total consumer spending across a multitude of areas is $1.04 billion within a five-mile radius.